Argentina corn prices collapse 16% on low river levels

Low river levels in the main export complex of Argentina has lead to much lower corn prices on a FOB basis, as buyers can only lift part cargoes leaving a surplus of the grain that must be exported at docks. Prices for a 25-40,000 mt handysize cargo of corn loading in the next two months were assessed at $146.25/mt FOB on Thursday, down $28/mt since the start of the month.