Argentina’s grain exports made a respectable showing in July, despite environmental issues faced by growers and shippers. There were 3.29mn Mt of corn loaded during the month, which was down 8.4% from a year ago. Wheat exports rose 129% to 501,711 Mt, while Soybean loadings declined 24% to 707,844 Mt. Combined loadings of all three crops were 4.5mn Mt, and were down only 5% from a year ago.

Freezing temperatures combined with drought conditions hampered crop growth, while the drought also contributed to the ongoing low water levels in the Parana River. The low river levels have prevented shippers from departing with fully laden vessels. The river originates in southern Brazil, and crops from both countries have been hampered this year by the drought.

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