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AMIS Market Monitor

last release: April 2019

International Prices

Maize

After gains in the previous three months, the IGC maize sub-Index declined by nearly 4 percent in March, with average prices lower across all origins. Despite early harvest delays, quotations in Argentina were seasonally soft, as reports of excellent yields cemented expectations for a very large crop. Exporters were keen to maintain competitiveness, especially for forward positions when Brazil re-enters the market. Amid comfortable spot availabilities, strong competition for business also weighed on values in Ukraine. While US prices also weakened overall, the downside was capped by difficult interior logistics and talk that Midwest flooding might reduce or delay spring plantings.