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Argentine crushers pulled meal and oil offers from the spot market as an oilseed workers' strike persisted. No old-crop soyoil or soymeal offers were available at Up River.
January soyoil shipments were bid 5.20 cents over CBOT, and industry losses from the strikes were estimated at about $300 million.
Argentina is the world's largest soymeal and soyoil exporter, so withheld supply tightens global meal and oil markets and supports prices.
fastmarkets.comJuan Pedro Tomas, Rei Geyssens14 dic 2020Tras 167 eventos alcista de logística pasados, Harina de soja se movió una mediana de +0,5 % en 5 sesiones (54% al alza; mitad central entre -1,8 % y +2,9 %), y -1,2 % en 20.
Tras 85 eventos alcista de logística pasados, Aceite de soja se movió una mediana de +0,7 % en 5 sesiones (64% al alza; mitad central entre -1,3 % y +2,7 %), y +3,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Argentine crushers pulled meal offers from the spot market during the oilseed workers' strike, directly tightening global soymeal supply (Argentina is the top meal exporter) and starting the rally.
