Drought brings shipping of soy products on Paraná River in Argentina to a halt

After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.

• Sep 28, 2021Argentine exports of soy and oil products down $620 mi due to low water level on Paraná River - DatamarNews-4.2%
• Jul 27, 2021Argentina declares emergency due to low water levels in Paraná River - BNamericas+0.8%
• May 28, 2020Parched Parana River likely to hit Argentine grain exports through September+1.5%
• Feb 7, 2018Argentina: Transporters halt shipments at ports+10.1%
• May 31, 2017Argentina port inspectors to begin three-day strike - Ships & Ports+1.2%

After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.

• Sep 28, 2021Argentine exports of soy and oil products down $620 mi due to low water level on Paraná River - DatamarNews+0.7%
• Sep 30, 2024Palm Oil News - The Decreasing Water Debit in Parana River, Argentina Made Soyoil and Biodiesel in Brazil More Expensive+0.5%
• May 31, 2017Argentina port inspectors to begin three-day strike - Ships & Ports-0.1%
• Jan 11, 2022Shallow Parana river pressures Argentinian FOB soybean meal, oil basis levels | S&P Global-0.7%
• Mar 27, 2020Supply of soy to Argentine livestock feed factories down by half and falling-1.0%

Not enough comparable past events yet for a historical read.