Because the Argentine pampas suffered a record flooding of agricultural region, 2015/16 May reduce the number of wheat in Argentina, Argentina is very difficult to compete in the international market. High yield of wheat in Western Europe and the black sea region, has led to the global export market saturation.

Argentine farmers are expected to flood in wheat yield loss is about 6%. Due to government restrictions on exports, coupled with the peso devaluation, encourage farmers to reduce wheat planting area. Buenos Aires province farmer David Hughes, said recent rainfall is equivalent to a year of rainfall, and now just coming into the spring, the weather can be very wet. In his 1000 mm of rain a year, usually recent rainfall has reached the rainfall throughout the year.

Argentina rural community analyst Ernesto Ambrosetti said that over the past 10 days in some parts of the pampas record rainfall of 300 mm. He pointed out that about 6% of the crop losses may be caused by flood and waterlogging, it also does not include the loss caused by excessive rainfall on wheat yield. Argentina Buenos Aires cereals exchange wheat planting area of 3.7 million hectares, is expected to less than that of last year's 4.4 million hectares.

Argentina is neighbouring Brazil's main wheat suppliers, is the world's largest soybean exporter. Argentina's wheat production will lead to decline in exports to Brazil, prompting the turn to search for wheat from other areas.

Frost damage to wheat crops in Argentina in 2013, the American exporters to take this opportunity to as many as 4 million tons of wheat exports to Brazil, hit a record high export record.

The British and American experts warned last week that as global climate change, storms, droughts and heat waves will cause food shortages more frequently, leading to top crops of corn, soybeans, wheat and rice. Since most of the top crops produced in the United States, Argentina, and a handful of countries such as China, extreme weather in these areas may have a significant impact on food supplies. But this year's global wheat ending inventory is expected to reach a record 221.5 million tons.

The United States department of agriculture is expected to Argentina's wheat production of 11.1 million tons, 12.5 million tons less than that of last year. Argentina's government trade restrictions may change after the presidential election on October 25, thus improve the wheat production next year.

Edge of the presidential candidate of Daniel Scioli policy platform is relatively fuzzy, he and outgoing President Cristina Fernandez from the same party. President Cristina Fernandez interventions lead to strong peso exchange rate, the exporters at a disadvantage. Is on the second candidate is the mayor of Buenos Aires Mauricio Macri, after he was elected President promised will implement the peso free trade, and cancel the export quotas of wheat.

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