우루과이 밀 수출 시장 (11월, 2022)

The article highlights the upcoming 2022/23 Argentine wheat season and the significant impact of limited production on prices. Due to drought and other weather-related issues, local wheat prices have increased, reaching higher ranges than international reference markets. The gap between Argentine and Chicago wheat futures has widened, indicating challenges in competitiveness and potential impacts on supply. Domestic demand is expected to adjust downward by 8.33%, and the majority of the harvest is aimed at meeting domestic needs and export commitments. Additionally, the article notes a doubling of wheat futures and options hedges in October, reflecting market uncertainty and the need for supply certainty.