# Factbox: Argentina’s agriculture facing major challenges - Fastmarkets

> Fastmarkets AgriCensus outlines Argentina's agricultural challenges, led by low Paraná River water levels for a second year. About 125,000 tonnes of soybeans and more than 60 barges are trapped, with some expected to stay stuck until September. Rosario water depth is falling toward 0.5 meters versus a 3.5-meter average.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/46408-factbox-argentina-s-agriculture-facing-major-challenges-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Barge and river bottlenecks raise freight costs and delay Argentine soymeal, soyoil and corn exports, supporting prices for those products and barge freight while tightening nearby supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | +5.6% | +21.5% |
| SBM | 2020-04-28 | [Low river, COVID measures hamper Argentina’s agricultural exports - Grain Central](https://feedsoft.ai/events/53490-low-river-covid-measures-hamper-argentina-s-agricultural-exports-grain-central.md) | -0.7% | -0.5% |
| SBM | 2021-05-20 | [New strike actions renew pressure on Argentine grain shipments - Fastmarkets](https://feedsoft.ai/events/46937-new-strike-actions-renew-pressure-on-argentine-grain-shipments-fastmarkets.md) | -3.8% | -6.5% |
| SBM | 2021-01-22 | [Argentina's Atlantic ports paralysed as lorry drivers strike deepens - Fastmarkets](https://feedsoft.ai/events/49133-argentina-s-atlantic-ports-paralysed-as-lorry-drivers-strike-deepens-fastmarkets.md) | -1.9% | -1.8% |
| SBM | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | +3.7% | +10.1% |
| 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% |
| SBO | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | -1.2% | +6.9% |
| SBO | 2020-11-09 | [Argentine grain receivers resume direct actions as salary talks fail - Fastmarkets](https://feedsoft.ai/events/50156-argentine-grain-receivers-resume-direct-actions-as-salary-talks-fail-fastmarkets.md) | +5.1% | +10.0% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/factbox-argentinas-agriculture-facing-major-challenges/

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