date:May 16, 2013
uy 500,000 to 600,000 tonnes, mainly from Argentina. Eighty percent of this volume has been closed but not executed yet. The balance will be closed soon, said the trader, who has direct knowledge of the transactions.
The data was confirmed by a Buenos Aires-based grains broker, who also spoke on condition of anonymity. Both said they did not anticipate a repeat of such big northbound trades next year, as U.S. corn stocks are expected to recover.
These days, Argentina is one of the cheapest sou