Arg Corn Exports Record Large; Arg Corn is World’s Cheapest Thru Feb
Bottom Line: Argentine corn shipments are record large but about as expected based on the USDA’s Nov WASDE export projection for the local marketing year. With record Argentine (and Brazilian) corn crops and huge carryover stocks, export competition from S. America could continue for a few more months. Argentina currently has the world’s lowest FOB prices.…