NEWS
Argentine Crop Outlook - 3
Alastair Stewart South America Correspondent
Mon May 19, 2014 06:02 AM CDT

BUENOS AIRES, Argentina (DTN) -- With planting getting under way this week in the north, it appears likely that Argentina will considerably increase acreage.

But the decision has little to do with prices or margins for the 2014-15 season.

International wheat markets may have recovered from their January lows, but margins on the cereal remain very tight in Argentina.

Argentina's inflationary environment is pushing up costs, while its quotas and 23% tax on exports hold down prices.

"There is little money to be made in wheat this year," said Carlos Mayer, manager at the Santa Elena farm, which covers 14,000 ...

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