A trading company from Argentina has revealed to Brazilian consultancy Trigo & Farinhas that the country has nearly 1.7 million tons of wheat available to exports, but currently cannot be exported. Argentina produced 10.3 million tons of the cereal in the 2013/2014 season and used 5.6 million tons for domestic consumption. The government authorized a quota of 1.5 million of exports that already was sold. About 500,000 tons of the stock were used for seed reserves. Therefore, that leaves the South American country with 1.7 million of wheat leftovers.
There are reports of conversations between the government, farmers, and traders, but there still isn’t no prediction of when an additional quota would take place. Brazil has currently demand for Argentina’s wheat, but would start its harvest within a month.
(Source – http://www.blackseagrain.net/novosti/argentina-has-1-7-million-tons-of-wheat-leftovers)