Argentine wheat is competing with Russian supplies

The wheat market is truly a buyer's market, we can state. Saudi Arabia and Algeria announced the results of their tenders yesterday, and it can be concluded that the sellers have written sharply. Wheat from the Black Sea region has often been the cheapest lately. Argentina is also entering the competition for customers after a good harvest. Safras & Mercado came out yesterday with a forecast for soybeans in Brazil. The harvest is heading towards a record while the demand for Brazilian soybeans is actually declining somewhat.