Old crop wheat prices have been depressed for months now, mainly due to exporters’ big long positions and slow, small Brazilian demand. Argentine wheat is the most competitive to Brazil by far as prices can rise $20-30/MT and still be cheaper. However, one factor has not allowed prices to heat up. Soybeans Argentina The crop is slowly coming to the end as farmers have harvested 96 percent. Of the remaining balance, 30 percent is in the region west of Buenos Aires and La Pampa with excess water; 30 percent is in the northern provinces where crops are under normal conditions; and 14 percent is in the area south of Buenos Aires with the rest distributed across several parts of the country. Production has reached more than 55 MMT to date, an...