According to the Grain Exchange, early corn would have a better margin considering the prices at which contracts are being negotiated in the futures market
Regarding the cereal, in the province both early and late corn would have positive profitability, according to estimates by the Córdoba Grain Exchange.
"However, the first would have a better margin considering the prices at which futures market contracts are being traded," the entity states.
"In the case of the early variety, the price usually benefits from an additional premium by entering the international market before Brazil's safrinha corn", it explains.
Early corn in Córdoba
In Córdoba, the areas with the highest proportion of early sowings are the departments of the core zone, Unión and Marcos Juárez.
Buen panorama para el maíz en Córdoba.
Nevertheless, due to the good agrometeorological conditions, for the 2025/26 cycle the proportion of early sowing in the province has increased, which would represent approximately 40% of the corn-planted area, the BCCBA keeps.
Report from Córdoba Grain Exchange
The Grain Exchange indicates that marketing of corn corresponding to the 2024/25 cycle is delayed compared with previous periods.
Therefore, looking ahead to the 2025/26 commercial cycle, in addition to a record harvest, a larger remaining volume from the previous campaign could be observed.
In this context, the local market continues to exhibit great strength and since the beginning of April 2025, the ton in the spot market has been paid above what has been disbursed in Chicago.
In addition, good local prices would allow corn refertilization tasks to be carried out with better relative prices compared with key inputs such as urea.
Regarding profitability for the 2025/26 campaign in Córdoba, both early and late corn would show positive margins.
Marketing and local market
According to the National Secretariat of Agriculture, Livestock and Fisheries (SAGyP), as of December 31, 2025, 33.6 million tons of corn from the 2024/25 campaign have been purchased, which would represent 67% of national production (50 million tons according to the Rosario Board of Trade).
However, considering an estimate of recent purchases by the industry, the marketed tonnage could reach 34.4 million tons and would go on to represent 69% of national production.
Nevertheless, this progress would be positioned ten percentage points (10 pp) below that observed during the 2023/24 commercial cycle (79%) on the same date, while if the comparison is made based on the average of the last five campaigns (85%), the delay would rise to sixteen percentage points (16 pp).
Meanwhile, as of January 1, corn stocks in storage facilities, industrial plants, and grain elevator terminals showed a year-on-year drop of 7%, standing at 12.1 million tons.
Corn exports
With regard to the external market, according to the National Secretariat of Agriculture, Livestock and Fisheries (SAGyP) 30.5 million tons of corn would be exported during the 2024/25 commercial cycle.
At present, exporters have purchased 29 million tons, so they would still need to acquire only 1.5 million tons to reach the value estimated by SAGyP.
Meanwhile, as of January 7, sworn export sales declarations (DJVE) have been registered for a total of 27.6 million tons.
