Oversales holds prices of corn in Argentina


So far in the year, Argentina has sold about 20 million metric tons of corn of a total of 25 million metric tons that would be exportable. The purchases were made by Cofco (15.8 percent), Cargill (15.8 percent), Bunge (12.8 percent), LDC Argentina (9.5 percent) and ADM (8.2 percent).

Analysts say that those purchases are advanced because the hoard the highest market share possible. The average domestic prices in Argentina have been high.


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