River Waterways Drying Up In South America
Early every morning I get the Van Trump Report emailed to me. The cost is very reasonable and it provides a lot of information on the grain and livestock markets, weather, outside markets and some fun articles too. There was one news story that caught my attention, "Waterways Drying Up in South America Crop-Shipping Hubs." Talking with Gordy on the air he has mentioned for quite some time that the weather in South America was dryer than normal. Just in the last month the market seems to have noticed too!
Brazil and Argentina are huge countries. They do not have the roads, bridges and railroads we do. They rely rely on barges on the 3,000 mile long Parana River to haul corn and beans to the coast. Plus those barges haul inputs that farmers need back to the interior of the countries. The water level is so low that barges have "run aground" so they are now carrying less than their normal load. Logjams are forming at the river ports.
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