Argentinian corn exports over the March 01 -April 25, 2017 period were around 4% up on year, a rise partly reflecting the increase in exports expected for the 2017-18 MY.
The current surplus difference is down to the strong corn crop projected for the 2017-18 MY (+9 mln mt on year)
Argentinian Corn Export Surplus as of April 25 (2017-18 MY Vs 2016-17 MY)
Source: AgFlow/Own Estimates – (March-Feb MY)
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Argentinian Corn S&D Table
Source: USDA, IGC, Argentinian Min of Ag/Own Estimates
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Top destinations for Argentinian corn exports include Egypt, Algeria, South Africa, Brazil and Indonesia. Preliminary customs data suggest a drop in exports to Indonesia.
Conversely, Argentinian corn exports to Brazil hit the 1.4 mln mt mark over the Jan-Dec 2016 period. Around 263k mt were exported to Brazil over the Jan-March 2017 period.
Top Argentinian Corn Export Destinations. 2014-17
Source: SENASA, AgFlow