Argentina corn exports surge to record as Black Sea logistics falter

Argentine corn shipments are projected to hit 3.9 million tons this month, 67% above the historical average, driven by Black Sea logistical disruptions from the Ukraine war and reduced exportable supply from Brazil and the US. This marks a significant shift in global corn trade flows, with Argentina gaining market share. The sustainability of this boom depends on the duration of the Ukraine conflict and competitor supply recovery.

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