El Niño reduces river cargo capacity in the Northern Arc and drives down grain truck freight rates

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Mar 11, 2021Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES-7.7%
• May 5, 2021Low water level in the Paraná River reduces Argentine agricultural exports - FAN Transport Insights+1.4%
• Jan 6, 2025What Drove the Recovery Rally in Grains and Cattle?+4.1%
• Sep 4, 2026El Niño drives crop failure in Central America and East Africa and threatens the next season in Southern Africa, East Africa, Western South America, and Southeast Asia - Joint Research Centre+0.5%
• Jul 13, 2026In Brazil, El Niño Could Delay Grain Planting, Reduce Harvests and Disrupt Livestock Farming - 13/07/2026 - Business - Folha+1.1%

After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• Mar 11, 2021Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES+0.4%
• May 5, 2021Low water level in the Paraná River reduces Argentine agricultural exports - FAN Transport Insights+3.8%
• Jan 6, 2025What Drove the Recovery Rally in Grains and Cattle?+3.3%
• Jul 13, 2026In Brazil, El Niño Could Delay Grain Planting, Reduce Harvests and Disrupt Livestock Farming - 13/07/2026 - Business - Folha+0.7%
• Sep 20, 2022Winter drought rolls into third La Niña for Argentina - Grain Central-3.4%