# Argentina soy, corn trucks entering key grains port at 22-year low

> Truck arrivals at Rosario, Argentina's main grains port, carrying soybeans and corn fell to the lowest level in at least 22 years in March-May. The drop follows a historic drought that cut soybean output 49% and corn output 37% from the previous season. The Rosario exchange forecasts 21.5 million tonnes of soybeans and 32 million tonnes of corn.

- Date: 2023-06-13 · published 2023-06-13T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13963-argentina-soy-corn-trucks-entering-key-grains-port-at-22-year-low
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sharply lower Argentine supply of soybeans, corn and meal reduces global export availability and supports prices. Brazil may gain share in soy exports as a result.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2023-06-15 | 1 | +4.4% | 4.8 | Record-low truck arrivals at Rosario on 2023-06-13 signal tight Argentine soy and meal export supply, which supports global meal prices right before the 4.43% jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | +0.8% | -1.5% |
| SOY | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | -1.7% | +5.6% |
| SOY | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +1.5% | +2.2% |
| SOY | 2019-05-14 | [U.S. grains: Corn, soy rally as slow planting pace ignites short-covering - Manitoba Co-operator](https://feedsoft.ai/events/6665-u-s-grains-corn-soy-rally-as-slow-planting-pace-ignites-short-covering-manitoba.md) | +5.2% | +8.6% |
| SOY | 2021-08-12 | ['Once in 100 years' drought seen affecting Argentine grains exports into next year](https://feedsoft.ai/events/45423-once-in-100-years-drought-seen-affecting-argentine-grains-exports-into-next-year.md) | -3.4% | -10.4% |
| CORN | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | -0.4% | -10.1% |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | +0.1% | +7.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentina-soy-corn-trucks-entering-key-grains-port-at-22-year-low/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.