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ADM Investor Services reported the same 24-hour Argentine transport strike, which blocked grain ships at Rosario. Unions protested layoffs, wages and plans to privatize Aerolineas Argentinas.
A separate bus strike was planned for the following day, while the other ports kept working normally.
Port delays at Rosario can briefly slow Argentine soymeal and grain exports, supporting nearby prices. The effect is temporary because the rest of the port was operating.
admis.comADMIS Research TeamOct 31, 2024After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
