Owners of trucks are currently striking to protest for higher freight rates and have slowed transport of grains to ports, cutting into stocks for wheat, corn and soybean.

The situation is particularly serious at Rosario port which will be the most affected as the complex is responsible for exporting 80% of agricultural products, and only 50% of the trucks currently arrive to the port.

Argentine exporters and crushers may not benefit from the expected downsize in Brazilian soybean and corn. Even if Conab (National Supply Company) increased recently his latest estimate of production for the current cycle thanks to better weather conditions (rain) – expected production for both grains should be down by at least 3% in terms of volume compared to last year.