May 31st 2023
National Holidays: June 17th, 19th and 20th.
Grains and Markets:
Chicago Market and all US trades closed Monday due to Memorial Day. Hence no business has been reported.
The Buenos Aires Grain Exchange maintains it’s forecast for the 2022/2023 maize harvest at 36,000,000 tons.
Despite rumors, the maize growers’ association is endeavoring to discourage the Government’s scheme to grant a “bonus” exchange rate scheme, as implemented for soya, for maize exports.
They maintain that it will cause undue disruption to trade.
The grounding of the mv ORION OCEAN during the early hours of May 25th and her freeing up on May 26th pm, with the assistance of three tugs, produced a reduction of the draft at Km 337 of the River Parana.
The draft in the area, between San Nicolás and Ramallo, has been reduced by 0.50 meters.
A dredger, the CAPÍTAN NUÑEZ 256-C, is now working the area to repair the damage.
After this is completed and new soundings are performed a new improved draft will be announced. Hopefully by the end of the week.
Bunker deliveries at Zona Comun:
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Master’s of the vessels involved.
Will keep you posted.
Antares Servicios Maritimos S.A.
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