Wheat Wheat planting is progressing rapidly. According to the Buenos Aires Grain Exchange, 43 percent of the estimated 6.2 Mha have been sown. The Rosario Grain Exchange is slightly more optimistic, estimating an area of 6.9 Mha, and a production of 21 MMT. The market, in general, is taking a more intermediate stance, projecting around 6.5 Mha, and 18–19 MMT. In all cases, this represents a significant expansion. The delay in soybean harvesting caused many farmers to postpone their planting decisions and deals are still being closed, mainly for short cycles. The reasons for more wheat include:

The margins are good as wheat prices have risen and farmers need cash at the end of the year. Crop rotation with winter wheat improves s...