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March 29, 2019

Huge Number of Trucks arriving at Port of Rosario in Argentina

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

Farmers in Argentina have harvested 12.2% of their 2018/19 corn crop and 1.6% of their soybean crop according to the Buenos Aires Grain Exchange and the grain is already heading to the ports. The corn harvest is a little over 50% complete in the northern core area as well as in the province of Entre Rios. Early yield reports point to potentially record large yields especially for corn in the core production areas of Argentina.

Williams Entegas e Agroentregas reported that a huge number of trucks arrived at the Port of Rosario during the first three days of this week. On Monday, March 25th, 5,599 trucks arrived at the port. On Tuesday, March 26th, the number was 5,462 and on Wednesday, March 27, there were 6,114 trucks.

On Wednesday there were 1,300 more trucks entering the port than during the same day last year (+26.5%). If the trucks average 30 tons of grain each, then on Wednesday more than 180,000 tons of grain arrived at the port.

Thus far, there has been more trucks carrying corn than soybeans. On Wednesday, corn accounted for 53% of the trucks with soybeans accounting for 41.6% of the trucks.