Mar 21 • 08:00 UTC 🇦🇷 Argentina La Nacion (ES)

Corn: Direct Sales to Port and Caution from Exporters

Argentine producers are selling corn directly from their farms to ports, taking advantage of favorable harvest conditions despite a cautious approach from exporters.

In Argentina, during the current harvest season, producers are opting to sell their corn directly from their farms to ports, a strategy confirmed by the significant influx of trucks carrying corn to the Upriver ports in March. Favorable weather has facilitated harvesting, with reports indicating that only 10% of the corn has been harvested as of March 11, according to the Buenos Aires Grain Exchange. The average yields reported range from 72 to 97 quintals per hectare in the central-northern region of Santa Fe, while yields in the central-eastern regions of Entre Ríos and central-northern Córdoba range from 66 to 70 quintals per hectare, leading the exchange to maintain its projection of 57 million tons for the season.

Sales of corn by producers showed an average of 1.1 million tons in the first week of March, declining to 900,000 tons in the second week, with an estimated 800,000 tons projected for the third week. This indicates a robust selling trend among producers, who are capitalizing on the good weather and anticipated high yields. However, despite these high selling figures, exporters remain cautious, possibly due to market fluctuations and uncertainties regarding demand, which could affect overall pricing and availability in the coming months.

As producers continue with their direct sales strategy, this approach not only reflects their adaptability to current market conditions but also illustrates the importance of weather patterns in agricultural productivity. The ongoing dynamics between producers and exporters will be crucial in determining the success of this harvest season, as well as the implications it may have for corn prices both locally and in international markets.

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