# 'Once in 100 years' drought seen affecting Argentine grains exports into next year

> A once-a-century drought has lowered the water level of the Parana River, Argentina's main grains transport route. Farm exports are being reduced and logistics costs are rising, and meteorologists expect the trend to continue into next year.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/45423-once-in-100-years-drought-seen-affecting-argentine-grains-exports-into-next-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Reduced river-borne exports cut Argentine supply to world markets and push up freight costs for soymeal and corn. The extended duration of the drought supports higher prices for these feed commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-21 | [Argentine government, farm exporters seek relief from historic drought](https://feedsoft.ai/events/13987-argentine-government-farm-exporters-seek-relief-from-historic-drought.md) | -0.4% | -0.6% |
| CORN | 2025-03-27 | [Scientists expect more drought this year in parts of the Midwest and Great Plains \| NPR Illinois](https://feedsoft.ai/events/13104-scientists-expect-more-drought-this-year-in-parts-of-the-midwest-and-great.md) | +0.3% | +5.2% |
| CORN | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -2.5% | +2.4% |
| CORN | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -0.8% | +2.2% |
| CORN | 2023-03-08 | [Drought affects crops in Rio Grande do Sul](https://feedsoft.ai/events/13658-drought-affects-crops-in-rio-grande-do-sul.md) | -1.6% | -0.6% |
| SOY | 2023-01-21 | [Argentine government, farm exporters seek relief from historic drought](https://feedsoft.ai/events/13987-argentine-government-farm-exporters-seek-relief-from-historic-drought.md) | +0.2% | +1.4% |
| SOY | 2023-01-02 | [Soybeans set to gain for 4th year amid Argentina drought, China demand](https://feedsoft.ai/events/8620-soybeans-set-to-gain-for-4th-year-amid-argentina-drought-china-demand.md) | -1.0% | +1.2% |
| SOY | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -3.4% | -5.2% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/once-100-years-drought-seen-affecting-argentine-grains-exports-into-next-year-2021-08-12/

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