News Details

Argentina has lifted all restrictions on old crop corn exports, but they will monitor situation to guarantee internal supply....

(Jan 13, 2021)

The export limit set at 30,000 MT/ day earlier this week. The 30,000 MT limit was itself a replacement for a complete suspension on all old crop corn exports during January and February, which was introduced at the end of December amid surging international corn, wheat and soybean prices.

According to private estimates, there is a stock of more than 8 mmt of corn in the domestic market, a volume more than enough to supply the 3.46 mmt required by the domestic market during January and February.

https://www.reuters.com/article/argentina-grains/update-3-argentine-agriculture-ministry-says-it-lifts-corn-export-limit-idUSL1N2JN21Q
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.