As many analysts expected,
The wheat export registry was opened two weeks ago for the first time since March and in that short time more than 7 million tons has been declared for export. The Argentine government is concerned that the recent frost over much of the nation's wheat producing area may decrease the crop enough to affect the domestic supply. According to the Argentine Ag Secretariat, they are using the extra time to get a better handle on exactly how much damage the frost caused and if exports need to be adjusted to maintain a domestic supply that will keep basic food prices stable.
According to USDA,