Argentina's Corn Exports Expected to Reach Record Levels Amid Global Supply Chain Shifts
Argentina is on track for a record corn export volume of around 10 million metric tons in August and September, driven by strong international demand amid disruptions caused by the war in Ukraine and extreme heat across Europe. The country's third-largest global position has been bolstered by its bumper harvest—estimated at 71.7 million tons—which is nearly 20% higher than five years ago. The shift in trade patterns reflects a growing reliance on Argentine corn, particularly from North African countries like Morocco and Egypt that previously sourced much of their grain from Ukraine. Argentina's shipments to the region rose by 45% year-to-date through July 2026 compared with overall export growth of just 15%. Meanwhile, Russia’s intensified strikes in Odesa have crippled Ukrainian seaports, forcing Kyiv to rely on lower-capacity Danube River ports that are further constrained due to drought and low water levels. Brazil's reduced corn exports—down nearly 20% from a record high over the past three years—have also benefited Argentina. Much of Brazil’s corn is now being used domestically, particularly in its expanding ethanol industry, reducing competition for international markets.
Topics: Argentina corn global trade shifts Ukraine war impact