"Lots of volume, fairly poor quality and a price that is not the best": Gustavo López analyzed the wheat campaign and advised

The wheat harvest is set to be a record this year. According to forecasts from the Buenos Aires Cereals Exchange, it will reach 25.5 million tons, thus surpassing the previous record by almost 15%. This necessitates having well-oiled commercial strategies. Analyst Gustavo López addressed this issue, indicating that the campaign “presents with high yield, but low quality.” He highlighted that, although yields in regions such as the NEA are reaching between 2,900 and 3,000 kg per hectare, “there is a dichotomy: a price that is not the best, a lot of volume, and quality that is quite poor.” This year, wheat prices “have fallen to worrying levels, settling around 165-168 dollars per ton,” López analyzed. In light of this situation, he advised producers that “those who can should wait a bit until the storm passes.” The uncertainty in the market generates concern, so an early sale might not be the best decision. The analyst emphasized the importance of the quality of the grain, warning ...