World Grain - October 2021 - 6

FROM THE EDITOR
EDITORIAL STAFF
Editor
Critical waterways
under strain
W
eather and politics have always
played a significant
role in the success or failure
of the global grain industry. In 2021, extreme
weather and divisive politics are
not only affecting grain production but
the ability to transport it as well.
Nowhere is this more apparent than
in South America, which over the last
20 years has developed into the premier
global supplier - along with the United
States - of soybeans and corn. In Brazil
and Argentina, which account for most
of the continent's grain and oilseed production,
waterways are drying up as the
worst drought in a century is bogging
down the grain transportation system
that so many importing countries rely
upon. As of mid-September, the Paraná
River Basin in Central Brazil was at its
lowest level since 1944, forcing vessels
to carry about 20% less grain than normal
to avoid getting stuck. A recent study
by the Rosario Grain Exchange found
that low water levels on the Paraná River
could generate losses of $315 million for
the Argentine agribusiness sector from
March 2021 to August 2021.
The situation on the Paraná River in
Argentina has become so critical that
13 private terminals located on the right
bank have joined together to finance
emergency dredging to keep the river
navigable. In Brazil, part of the Paraguay
River has been closed to barges.
Meanwhile, the United States is facing
its own waterway challenges, namely
the long-discussed problem of aging
locks and dams on the Mississippi River
and other main arteries in the central US
that are causing barge traffic to move
less efficiently than it could with modernized
infrastructure. In August, it appeared
that Congress might finally consent
to funding for grain transportation
improvements when the Senate passed a
$1 trillion infrastructure bill. However,
6
the Democrat-led House of Representatives
is vowing not to pass the bill unless
a separate $3.5 trillion reconciliation
bill (containing mostly measures unrelated
to infrastructure) is also passed,
something Republicans and even some
moderate Democrats have vowed to reject.
So once again, a political stalemate
is standing in the way of desperately
needed lock and dam improvements.
Here's the reality: In the 2021-22 marketing
year, the United States, Brazil and
Argentina will account for approximately
70% of global corn exports and 90%
of soybean exports.With supply chains
all over the world slowed by the now
21-month-long COVID-19 pandemic,
due in part to acute labor shortages in
many countries, it's never been more
critical to ensure the swift and efficient
movement of agricultural commodities
from these grain-rich countries to import
destinations around the world. If Brazil
and Argentina's waterways aren't sufficiently
dredged and if the US Congress
continues to kick the can down the road
on funding for infrastructure improvements,
a world more dependent than ever
on international trade will suffer.
With the number of politically and
economically unstable countries growing
during this troubling time in world
history, those with the means to produce
and export grain to food insecure populations
must execute
this mission with maximum
efficiency. Much
like arteries in the human
body carry nourishment
to sustain individuals,
these rivers
play a critical role in feeding the world.
Investments must be made now to keep
them functioning at an optimal level.
Arvin Donley
Editor
Managing Editor
Associate Editor
China Consultant
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Morton I. Sosland 1925-2019
WORLD GRAIN (ISSN 0745-8991) Volume 39, issue 10,
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October 2021 / World Grain / www.World-Grain.com
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World Grain - October 2021

Table of Contents for the Digital Edition of World Grain - October 2021

World Grain - October 2021 - Intro
World Grain - October 2021 - 1
World Grain - October 2021 - 2
World Grain - October 2021 - 3
World Grain - October 2021 - 4
World Grain - October 2021 - 5
World Grain - October 2021 - 6
World Grain - October 2021 - 7
World Grain - October 2021 - 8
World Grain - October 2021 - 9
World Grain - October 2021 - 10
World Grain - October 2021 - 11
World Grain - October 2021 - 12
World Grain - October 2021 - 13
World Grain - October 2021 - 14
World Grain - October 2021 - 15
World Grain - October 2021 - 16
World Grain - October 2021 - 17
World Grain - October 2021 - 18
World Grain - October 2021 - 19
World Grain - October 2021 - 20
World Grain - October 2021 - 21
World Grain - October 2021 - 22
World Grain - October 2021 - 23
World Grain - October 2021 - 24
World Grain - October 2021 - 25
World Grain - October 2021 - 26
World Grain - October 2021 - 27
World Grain - October 2021 - 28
World Grain - October 2021 - 29
World Grain - October 2021 - 30
World Grain - October 2021 - 31
World Grain - October 2021 - 32
World Grain - October 2021 - 33
World Grain - October 2021 - 34
World Grain - October 2021 - 35
World Grain - October 2021 - 36
World Grain - October 2021 - 37
World Grain - October 2021 - 38
World Grain - October 2021 - 39
World Grain - October 2021 - 40
World Grain - October 2021 - 41
World Grain - October 2021 - 42
World Grain - October 2021 - 43
World Grain - October 2021 - 44
World Grain - October 2021 - 45
World Grain - October 2021 - 46
World Grain - October 2021 - 47
World Grain - October 2021 - 48
World Grain - October 2021 - 49
World Grain - October 2021 - 50
World Grain - October 2021 - 51
World Grain - October 2021 - 52
World Grain - October 2021 - 53
World Grain - October 2021 - 54
World Grain - October 2021 - 55
World Grain - October 2021 - 56
World Grain - October 2021 - 57
World Grain - October 2021 - 58
World Grain - October 2021 - 59
World Grain - October 2021 - 60
World Grain - October 2021 - 61
World Grain - October 2021 - 62
World Grain - October 2021 - 63
World Grain - October 2021 - 64
World Grain - October 2021 - 65
World Grain - October 2021 - 66
World Grain - October 2021 - 67
World Grain - October 2021 - 68
World Grain - October 2021 - 69
World Grain - October 2021 - 70
World Grain - October 2021 - 71
World Grain - October 2021 - 72
World Grain - October 2021 - 73
World Grain - October 2021 - 74
World Grain - October 2021 - 75
World Grain - October 2021 - 76
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
https://digital.world-grain.com/sosland/wg/2020_11_01
https://digital.world-grain.com/sosland/wg/2020_10_01
https://digital.world-grain.com/sosland/wg/2020_09_01
https://digital.world-grain.com/sosland/wg/2020_08_01
https://digital.world-grain.com/sosland/wg/2020_07_01
https://digital.world-grain.com/sosland/wg/2020_06_01
https://digital.world-grain.com/sosland/wg/2020_05_01
https://digital.world-grain.com/sosland/wg/2020_04_01
https://digital.world-grain.com/sosland/wg/2020_03_01
https://digital.world-grain.com/sosland/wg/2020_02_01
https://digital.world-grain.com/sosland/wg/2020_01_01
https://digital.world-grain.com/sosland/wg/2019_12_01
https://digital.world-grain.com/sosland/wg/2019_11_01
https://digital.world-grain.com/sosland/wg/2019_10_01
https://digital.world-grain.com/sosland/wg/2019_09_01
https://digital.world-grain.com/sosland/wg/2019_08_01
https://digital.world-grain.com/sosland/wg/2019_07_01
https://digital.world-grain.com/sosland/wg/2019_06_01
https://digital.world-grain.com/sosland/wg/2019_05_01
https://digital.world-grain.com/sosland/wg/2019_04_01
https://digital.world-grain.com/sosland/wg/2019_03_01
https://digital.world-grain.com/sosland/wg/2019_02_01
https://digital.world-grain.com/sosland/wg/2019_01_01
http://digital.world-grain.com/sosland/wg/2018_12_01
http://digital.world-grain.com/sosland/wg/2018_11_01
http://digital.world-grain.com/sosland/wg/2018_10_01
http://digital.world-grain.com/sosland/wg/2018_09_01
http://digital.world-grain.com/sosland/wg/2018_08_01
http://digital.world-grain.com/sosland/wg/2018_07_01
http://digital.world-grain.com/sosland/wg/2018_06_01
http://digital.world-grain.com/sosland/wg/2018_05_01
http://digital.world-grain.com/sosland/wg/2018_04_01
http://digital.world-grain.com/sosland/wg/2018_03_01
https://www.nxtbook.com/sosland/wg/2018_02_01
https://www.nxtbook.com/sosland/wg/2018_01_01
https://www.nxtbook.com/sosland/wg/2017_12_01
https://www.nxtbook.com/sosland/wg/2017_11_01
https://www.nxtbook.com/sosland/wg/2017_10_01
https://www.nxtbook.com/sosland/wg/2017_09_01
https://www.nxtbook.com/sosland/wg/2017_08_01
https://www.nxtbook.com/sosland/wg/2017_07_01
https://www.nxtbook.com/sosland/wg/2017_06_01
https://www.nxtbook.com/sosland/wg/2017_05_01
https://www.nxtbook.com/sosland/wg/2017_04_01
https://www.nxtbook.com/sosland/wg/2017_03_01
https://www.nxtbook.com/sosland/wg/2017_02_01
https://www.nxtbook.com/sosland/wg/2017_01_01
https://www.nxtbook.com/sosland/wg/2016_12_01
https://www.nxtbook.com/sosland/wg/2016_11_01
https://www.nxtbook.com/sosland/wg/2016_10_01
https://www.nxtbook.com/sosland/wg/2016_09_01
https://www.nxtbook.com/sosland/wg/2016_08_01
https://www.nxtbook.com/sosland/wg/2016_07_01
https://www.nxtbook.com/sosland/wg/2016_06_01
https://www.nxtbook.com/sosland/wg/2016_05_01
https://www.nxtbook.com/sosland/wg/2016_04_01
https://www.nxtbook.com/sosland/wg/2016_03_01
https://www.nxtbook.com/sosland/wg/2016_02_01
https://www.nxtbook.com/sosland/wg/2016_01_01
https://www.nxtbook.com/sosland/wg/2015_12_01
https://www.nxtbook.com/sosland/wg/2015_11_01
https://www.nxtbook.com/sosland/wg/2015_10_01
http://digital.world-grain.com/sosland/wg/2015_09_01
http://digital.world-grain.com/sosland/wg/2015_08_01
http://digital.world-grain.com/sosland/wg/2015_07_01
http://digital.world-grain.com/sosland/wg/2015_06_01
http://digital.world-grain.com/sosland/wg/2015_05_01
https://www.nxtbook.com/sosland/wg/2015_04_01
https://www.nxtbook.com/sosland/wg/2015_03_01
https://www.nxtbook.com/sosland/wg/2015_02_01
http://digital.world-grain.com/sosland/wg/2015_01_01
https://www.nxtbook.com/sosland/wg/2014_12_01
https://www.nxtbook.com/sosland/wg/2014_11_01
https://www.nxtbook.com/sosland/wg/2014_10_01
https://www.nxtbook.com/sosland/wg/2014_09_01
https://www.nxtbook.com/sosland/wg/2014_08_01
https://www.nxtbook.com/sosland/wg/2014_07_01
https://www.nxtbook.com/sosland/wg/2014_06_01
https://www.nxtbook.com/sosland/wg/2014_05_01
https://www.nxtbook.com/sosland/wg/2014_04_01
https://www.nxtbook.com/sosland/wg/2014_03_01
https://www.nxtbook.com/sosland/wg/2014_02_01
https://www.nxtbook.com/sosland/wg/2014_01_01
https://www.nxtbook.com/sosland/wg/2013_12_01
https://www.nxtbook.com/sosland/wg/2013_11_01
https://www.nxtbook.com/sosland/wg/2013_10_01
https://www.nxtbook.com/sosland/wg/2013_09_01
https://www.nxtbook.com/sosland/wg/2013_08_01
https://www.nxtbook.com/sosland/wg/2013_07_01
https://www.nxtbook.com/sosland/wg/2013_06_01
https://www.nxtbook.com/sosland/wg/2013_05_01
https://www.nxtbook.com/sosland/wg/2013_04_01
https://www.nxtbook.com/sosland/wg/2013_03_01
https://www.nxtbook.com/sosland/wg/2013_02_01
https://www.nxtbook.com/sosland/wg/2013_01_01
https://www.nxtbook.com/sosland/wg/2012_12_01
https://www.nxtbook.com/sosland/wg/2012_11_01
https://www.nxtbook.com/sosland/wg/2012_10_01
https://www.nxtbook.com/sosland/wg/2012_09_01
https://www.nxtbook.com/sosland/wg/2012_08_01
https://www.nxtbook.com/sosland/wg/2012_07_01
https://www.nxtbook.com/sosland/wg/2012_06_01
https://www.nxtbook.com/sosland/wg/2012_05_01
https://www.nxtbook.com/sosland/wg/2012_04_01
https://www.nxtbook.com/sosland/wg/2012_03_01
https://www.nxtbook.com/sosland/wg/2012_02_01
https://www.nxtbook.com/sosland/wg/2012_01_01
https://www.nxtbook.com/sosland/wg/2011_12_01
https://www.nxtbook.com/sosland/wg/2011_11_01
https://www.nxtbook.com/sosland/wg/2011_10_01
https://www.nxtbook.com/sosland/wg/20111_09_01
https://www.nxtbook.com/sosland/wg/2011_08_01
https://www.nxtbook.com/sosland/wg/2011_07_01
https://www.nxtbook.com/sosland/wg/2011_06_01
https://www.nxtbook.com/sosland/wg/2011_05_01
https://www.nxtbook.com/sosland/wg/2011_04_01
https://www.nxtbook.com/sosland/wg/2011_03_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_01_01
http://digital.world-grain.com/sosland/wg/2010_12_01
http://digital.world-grain.com/sosland/wg/2010_11_01
http://digital.world-grain.com/sosland/wg/2010_10_01
http://digital.world-grain.com/sosland/wg/2010_09_01
http://digital.world-grain.com/sosland/wg/2010_08_01
http://digital.world-grain.com/sosland/wg/2010_07_01
http://digital.world-grain.com/sosland/wg/2010_06_01
http://digital.world-grain.com/sosland/wg/2010_05_01
http://digital.world-grain.com/sosland/wg/2010_04_01
http://digital.world-grain.com/sosland/wg/2010_03_01
http://digital.world-grain.com/sosland/wg/2010_02_01
http://digital.world-grain.com/sosland/wg/2010_01_01
http://digital.world-grain.com/sosland/wg/2009_12_01
http://digital.world-grain.com/sosland/wg/2009_11_01
http://digital.world-grain.com/sosland/wg/2009_10_01
http://digital.world-grain.com/sosland/wg/2009_09_01
http://digital.world-grain.com/sosland/wg/2009_08_01
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http://digital.world-grain.com/sosland/wg/2008_02_01
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http://digital.world-grain.com/sosland/wg/2007_06_01
http://digital.world-grain.com/sosland/wg/2007_05_01
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http://digital.world-grain.com/sosland/wg/2007_03_01
http://digital.world-grain.com/sosland/wg/2007_02_01
http://digital.world-grain.com/sosland/wg/2007_01_01
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http://digital.world-grain.com/sosland/wg/2006_11_01
http://digital.world-grain.com/sosland/wg/2006_10_01
http://digital.world-grain.com/sosland/wg/2006_09_01
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