# Parched Parana River likely to hit Argentine grain exports through September

> Drought has pushed Argentina's Parana River to its lowest level in decades, forcing ships to carry smaller loads and some vessels to run aground. Officials expect exports from the grains powerhouse to slow through at least September. Higher transport costs are also squeezing soy crushing margins and soymeal production.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/52969-parched-parana-river-likely-to-hit-argentine-grain-exports-through-september
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Fewer tonnes per vessel raises freight costs and cuts Argentine soymeal supply to world feed markets, which supports meal prices and ocean freight rates.

## Read by commodity

- SBM: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-02-03 | [Argentine Grain Exports Hit by Trucker Strike \| Feed & Grain](https://feedsoft.ai/events/48462-argentine-grain-exports-hit-by-trucker-strike-feed-and-grain.md) | +1.9% | -1.7% |
| SBM | 2021-05-24 | [Strike Hits Grain Exports at Argentine Port \| Feed & Grain](https://feedsoft.ai/events/47128-strike-hits-grain-exports-at-argentine-port-feed-and-grain.md) | -0.7% | -6.8% |
| SBM | 2020-09-28 | [Argentine port strike paralyzes the country's grain exports - DatamarNews](https://feedsoft.ai/events/51123-argentine-port-strike-paralyzes-the-country-s-grain-exports-datamarnews.md) | +3.7% | +14.7% |
| 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 | 2021-06-08 | [Customs strike to impact Argentina’s grain exports  \| World Grain](https://feedsoft.ai/events/46603-customs-strike-to-impact-argentina-s-grain-exports-world-grain.md) | -3.3% | -1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/argentina-grains-parana/parched-parana-river-likely-to-hit-argentine-grain-exports-through-september-idUSL1N2D90W4/

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