On Thursday and as of local time Friday, there were no spot wheat sales at the Rosario Cereals Exchange, a representative says.
The situation was the same at the Buenos Aires Cereals Exchange. "There have been virtually no wheat future trades today," says Omar Carulias, spokesman for the exchange.
The reason for the standstill is that traders assume the government will limit exports soon. Local press reported a meeting Friday between
The government already changed the requirements for export commitment declarations this week, requiring exporters to have an actual contract when making a declaration. Analysts say exporters were making declarations without actually having contracts in order to reserve export rights.
Grain exporters in