Dry Bulk Shipping: Argentinian Market Adding Cargoes in Hellenic Shipping News 05/05/2026 T he dry bulk market is experiencing a redrawing of its global freight map lately. In its latest weekly report, shipbroker Intermodal said that “the corn market in 2026 is characterised by well-supplied conditions, due to strong harvests across the Americas and elevated U.S. inventories. While this pricing environment bolsters consumption, it compresses producer margins. At the same time, cost-side pressures are intensifying. Fertilizer markets have come under strain amid disruptions to trade flows from the Middle East, a key export hub for nitrogen-based products, with the Food and Agriculture Organization indicating that fertilizer prices could rise by up to 20% on average in the first half of 2026, should the crisis persist. This introduces uncertainty for future corn plantings, as persistently high input costs could incentivise shifts away from fertilizer-intensive crops such as corn toward alternatives like soybeans in upcoming cycles”. Source: Intermodal According to Mr. Nikos Tagoulis, Senior Analyst with Intermodal, “at the same time, a rising share of domestic production in key exporting countries, United States and Brazil, is being absorbed domestically, primarily by the expanding ethanol production, underpinned by higher oil prices, limiting the pace of export volumes. In the United States, corn accounts for most of ethanol production, according to the EIA, while policy in favour of higher blending rates to gasoline continues to sustain biofuel demand. This dynamic creates room for alternative exporters to expand market share and broaden their base of importing partners”. The shipbroker said that “within this landscape, Argentina is expanding its footprint in the seaborne corn export market. The Rosario Board of Trade estimates a record 2025/26 corn crop at 62 million metric tons, 9.5 million tons above the previous record set in 2023/24, underscoring a marked expans