On Friday, more than 680,000 tons of DJVE for Argentine corn were registered, most of them for shipments in the final two months of the year. 2025/26 DJVE total 41.2 million tons against a projection of 45 million.
On Friday, more than 680,000 tons of Sworn Export Sales Declarations (DJVE) for Argentine corn were registered, most of which correspond to shipments to be made in the final two months of this year. Pressure from international demand on South American corn in general, and Argentine corn in particular, stands out as a favorable factor for farmers, who are receiving attractive prices in a context of abundant supply.
Of the total declared, Aceitera General Deheza (AGD), Bunge, Asociación de Cooperativas Argentinas (ACA), Cofco and LDC registered 580,000 tons for the current 2025/26 marketing cycle, while Bunge added another 100,000 tons for departure in March next year, applied to the 2026/27 cycle.
In the market, the most heavily traded Rosario Corn contract on A3 Mercados was the December 2026 contract, with 76,900 tons traded and a closing price of US$189.1/ton, 0.8% above Thursday's close. With an official FOB price for Argentine corn of US$205/ton for shipment next December, the theoretical FAS stands at around US$175/ton, according to estimates from the Rosario Board of Trade (BCR).
That would be the price —or probably less— that Argentine corn would command if there were no war in the Black Sea and the Middle East. The premium for South American grain lies in the guarantee of delivery, since it comes from a region free of military and logistical conflicts.
So far, 2025/26 corn DJVE total 41.2 million tons out of the 45 million projected by the Rosario Board of Trade. With three and a half months left to close the campaign, that estimate is likely to end up falling short.
With the wheat harvest under way and the need to keep soybean meal sales flowing, the logistical challenge currently facing Argentina is enormous and requires commercial management adapted to the situation. As for the new campaign, 2026/27 corn planting has reached 51% of the projected area, according to the Buenos Aires Grain Exchange on Friday.
In the core Pampas region, corn fields are advancing through their vegetative stages and showing favorable development, while the first fields in north-central Santa Fe and east-central Entre Ríos are beginning to move into the tasseling stage. Further south, fields are still mostly at emergence and the earliest vegetative stages.
