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The incredible rally of the Argentine corn exports

The weekly RIA Consultores’ report shows this week that during the first half of the year, Argentina exported 17.1 million metric tons of corn, 44% up 2018 in volume and 32% up in value. This amazing growth is based on a 57 MMT record harvest and on bullish prices. According to the Agro-Industry Secretariat, during the 2018/19 campaign corn production peaked at 57 MMT, which 34 MMT will be exported and 9 MMT will remain as carryover for the next season. This week the International Grains Council stressed…
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