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

> Drought has brought soy product shipping on the Paraná River in Argentina to a halt. The article covers low water levels blocking barge traffic on the key export waterway.

- Date: 2021-07-09 · published 2021-07-09T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/45898-drought-brings-shipping-of-soy-products-on-parana-river-in-argentina-to-a-halt
- 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

A halt in river shipments removes a major export route for Argentine soymeal and oil, supporting world meal prices and raising barge freight costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | -4.2% | -2.8% |
| 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 | 2020-05-28 | [Parched Parana River likely to hit Argentine grain exports through September](https://feedsoft.ai/events/52969-parched-parana-river-likely-to-hit-argentine-grain-exports-through-september.md) | +1.5% | +1.7% |
| SBM | 2018-02-07 | [Argentina: Transporters halt shipments at ports](https://feedsoft.ai/events/66509-argentina-transporters-halt-shipments-at-ports.md) | +10.1% | +14.6% |
| SBM | 2017-05-31 | [Argentina port inspectors to begin three-day strike - Ships & Ports](https://feedsoft.ai/events/70324-argentina-port-inspectors-to-begin-three-day-strike-ships-and-ports.md) | +1.2% | -1.2% |
| 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 | 2024-09-30 | [Palm Oil News - The Decreasing Water Debit in Parana River, Argentina Made Soyoil and Biodiesel in Brazil More Expensive](https://feedsoft.ai/events/28406-palm-oil-news-the-decreasing-water-debit-in-parana-river-argentina-made-soyoil.md) | +0.5% | +2.2% |
| SBO | 2017-05-31 | [Argentina port inspectors to begin three-day strike - Ships & Ports](https://feedsoft.ai/events/70324-argentina-port-inspectors-to-begin-three-day-strike-ships-and-ports.md) | -0.1% | +2.1% |

## Sources

- riotimesonline.com: https://www.riotimesonline.com/brazil-news/brazil/drought-in-the-south-american-parana-river-brings-shipping-of-soy-products-in-argentina-to-a-standstill/

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