Analysis

Argentina's Corn Prices Plummeted 33.31% YoY in W7 Due to Favorable Weather Conditions

Maize (Corn)
Argentina
Market & Price Trends
Published Feb 16, 2024
In W7, Argentina's corn prices plummeted by 33.31% YoY to USD 0.17/kg, with a 10% MoM decrease, contrary to the 2023 trend. This decline is attributed to improved weather conditions, overturning concerns about El Niño-induced drought, allowing for increased planting potential. Additionally, international corn prices have also declined due to favorable harvests in major producing countries like Brazil and the US.
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