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YEAR XXXVI - N° Edition 1886 - DECEMBER 05, 2018
Agricultural Commodities Market
2018/2019: Oilseed crushing would remain low in Argentina
JULIO CALZADA - FEDERICO DI YENNO
 

The world is heading towards a 481 million tons crushing record in 2018/19, according to Oil World. However, the scenario in Argentina seems to be quite the opposite. The country that became the fourth greatest soybean crusher in 2016/17 cycle, will keep the fifth place this year.

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Transport-Logistics
Argentina-China ocean freight increased by 15% in three years
JULIO CALZADA - BLAS ROZADILLA
 

Over the past 9 years, the cost of the ocean freight from Argentina to China dropped by 15% in nominal terms and 27% in real terms. However, freight rates for Argentina have grown in the last 3 and half years, especially during 2017. Argentina-China ocean freight went from US$ 41/t in May 2015 to US$ 47/t in November 2018, increasing 15% in this period. Argentina-Europe ocean freight rise was even sharper: 80%.

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Agricultural Commodities Market
Argentina increases soybean and corn shipments in November
SOFÍA CORINA - DESIRÉ SIGAUDO - EMILCE TERRÉ
 

In November, corn shipments reached 1.85 Mt while scheduled soybean shipments would surpass March shipments (during Argentine harvest season). Vessels carrying soybeans are currently leaving South American ports towards China, a rather atypical scenario for November. 

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Agricultural Commodities Market
Wheat arrivals to Rosario Hub fell 16% in November
FEDERICO DI YENNO – EMILCE TERRÉ
 

Recent heavy rains that interrupted wheat harvest in Argentina's core productive region resulted on a lower number of trucks entering Rosario Hub this November compared to last year. November planned exports according to line-up data reach 900 thousand tons, which imply tighter stocks in the ports and an increased pressure on 2018/19 crop logistics.

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