Agribusiness exports have been essential to the sustainability of Argentinian external accounts. Their extraordinary performance allows to maintain today a relevant trade surplus despite the increase of imports.

With exports for 70 Mt, agricultural ports hub of Rosario handed over the 1st place in the agribusiness export nodes ranking to New Orleans in 2020. The low level of the Paraná River and the Chinese demand are two of the factors that explain these changes.

The drop is mainly due to a lower shipped tonnage of grains, caused by the lower production during the current crop season. Oil shipments, however, show a strong increase. Asia remains the main destination for the shipments.

The trading pace of soybean shows no delays regarding previous crops. Excellent purchase pace of corn. Record trade volume of unpriced wheat 2021/22.

Although sunflower in Argentina has been giving way to other crops, sunflower complex remains one of the leaders in agribusiness exports. Besides, the first forecasts for crop season 2021/22 show a higher optimis.

In the light of high stocks and strong foreign commitments, soybean crushing recovers in 2021. Low river water level and harvest delay: less corn in the Up River Paraná Ports.

The agricultural area forecast for crop 2021/22 reaches 38.7 million hectares, 500 thousand ha over the previous crop season. If fulfilled, it would be the largest area in history, driven by the increase in international prices.

After an auspicious climatic start for wheat 2021/22, the outlook for the following months becomes somewhat uncertain. On the other hand, good harvest prices boosted trade, which hit a record for this time of the year.

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