Wheat The Argentine government's intervention made a mess of the 2012/13 wheat campaign. Production was lower than expected and the crop's quality was a surprise. As a result, the government decided to remove some previously approved export licenses, leaving big traders short licenses and long FAS. Exporters covering their short positions in the FOB market are paying unbelievable prices.For the 2013/14 campaign the government decided to release all export licenses beforehand in order to encourage farmers to switch from planting barley to wheat. Despite this, the FOB market remains completely unspoken for. There are a few reasons why. Farmers have not yet begun to plant wheat, so the expected production remains uncertain. Traders are not...