Shippers on Argentina’s Parana River are being forced to limit cargo due to extremely low water levels. The river is shallow due to the recent dry weather. A representative with the Rosario Grains Exchange said this logistical issue could cost the industry as much as $300 million. Argentina is the world’s number one exporter of soybean meal and the Parana River is considered the super highway that moves soybeans and corn to the export market.
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