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A Rosario grains exchange report shows Argentina's Rosario port lost its place as the world's No. 2 grain export hub in 2023, shipping 42.4 million tons versus 62.3 million from Santos, Brazil. New Orleans took the top spot, and the drop reflects the severe 2023 drought.
Export flows are shifting toward Brazilian and US ports as Argentine output recovers from drought. This is a structural shift in trade routes rather than an immediate price shock.
farmpolicynews.illinois.eduRyan HanrahanApr 30, 2024After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
