# Shallow Parana river pressures Argentinian FOB soybean meal, oil basis levels | S&P Global

> Low water levels on the Parana river are pressuring Argentinian FOB Up River soybean meal and oil basis levels. Platts assessed Argentine meal at plus $2/st over CBOT versus plus $13/st for Brazil's Paranagua, and the spread is expected to persist as water levels are not forecast to recover in coming weeks.

- Date: 2022-01-11 · published 2022-01-11T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/43209-shallow-parana-river-pressures-argentinian-fob-soybean-meal-oil-basis-levels-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Reduced barge loading capacity on the Parana raises Argentine meal and oil logistics costs and narrows their competitiveness versus Brazil, supporting Brazilian export basis and tightening Argentine supply flow.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-09-12 | [Brazilian soybean meal widens gap to Argentina \| S&P Global](https://feedsoft.ai/events/28390-brazilian-soybean-meal-widens-gap-to-argentina-s-and-p-global.md) | +1.3% | +2.4% |
| SBM | 2021-08-19 | [Argentinian soy meal market surges on demand, slow farmer selling \| S&P Global](https://feedsoft.ai/events/45644-argentinian-soy-meal-market-surges-on-demand-slow-farmer-selling-s-and-p-global.md) | -1.4% | -4.3% |
| SBM | 2025-10-01 | [Low Mississippi River Levels Pressure Grain Barge Movement - RFD-TV](https://feedsoft.ai/events/16421-low-mississippi-river-levels-pressure-grain-barge-movement-rfd-tv.md) | +1.4% | +16.1% |
| SBM | 2021-07-27 | [Argentina declares emergency due to low water levels in Paraná River - BNamericas](https://feedsoft.ai/events/45900-argentina-declares-emergency-due-to-low-water-levels-in-parana-river-bnamericas.md) | +0.8% | -1.9% |
| SBM | 2020-03-30 | [Chaos in Argentina: 50% less soybean meal is currently](https://feedsoft.ai/events/54215-chaos-in-argentina-50-less-soybean-meal-is-currently.md) | -6.2% | -11.7% |
| SBO | 2020-03-30 | [Chaos in Argentina: 50% less soybean meal is currently](https://feedsoft.ai/events/54215-chaos-in-argentina-50-less-soybean-meal-is-currently.md) | -1.6% | -6.9% |
| SBO | 2021-09-28 | [Argentine exports of soy and oil products down $620 mi due to low water level on Paraná River - DatamarNews](https://feedsoft.ai/events/44929-argentine-exports-of-soy-and-oil-products-down-620-mi-due-to-low-water-level-on.md) | +0.7% | +8.1% |
| SBO | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +1.2% | +7.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/011122-shallow-parana-river-pressures-argentinian-fob-soybean-meal-oil-basis-levels

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