Key Takeaways:
Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive prices and gain market share in destinations such as Vietnam, North Africa and the Middle East. Argentina’s reliance on both corn and sugarcane/molasses as ethanol feedstocks limits domestic corn demand, allowing a greater share of its record crop to remain available for export. Growing corn ethanol capacity and the potential for a higher blending mandate (from 12 percent to 15 percent) could increase domestic corn demand and gradually reduce the a...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
Corn Argentina Argentina’s corn harvest progress has fallen further behind the normal pace, with the latest estimate showing more than 15 percentage points of delay versus previous years. Excessive grain moisture and poor road conditions continue to limit field access and slow harvest act...
