Local corn sales in Argentina have significantly increased, with one-third of the harvest already sold, evidencing a robust commercial activity in the grain market.
The commercialization of grains in Argentina is gaining momentum as harvesters start reaping the coarse grains, particularly corn and sunflower, with expectations for soy harvesting to begin in the coming weeks. As of March 11, official data indicates that corn purchases by exporters and industry have reached 18.15 million tons, compared to only 9.4 million tons at the same time last year. This surge represents an increase that underscores the growing demand and efficiency in the current market.
It’s noteworthy that, with private production estimates averaging around 60 million tons, about 30% of the corn harvest has already been marketed this year. In contrast, at the same point last year during the 2024/25 campaign, only 18% of the total anticipated harvest of 50 million tons had been sold. This sharp rise in commercialization reflects a stronger market sentiment and better overall yield prospects for this campaign cycle, enhancing economic forecasts for local farmers and exporters alike.
On the other hand, soybean sales have not been as brisk, with only 7.52 million tons sold, accounting for just 15% of expected production. This slower pace in soybean commercialization could indicate market challenges or lower demand compared to corn, further emphasizing the contrasting dynamics within the agricultural sector. Overall, the robust corn sales illustrate a vital growth area for the Argentine economy, especially as it seeks to bolster agricultural exports.
