
Grain and oilseed shipments at Argentine ports are returning to normal after a strike was suspended. The strike mainly hit terminals north of Rosario on the Parana River, which handle more than 80% of Argentina's agricultural and agro-industrial exports.
More than 40 ships were delayed.
Resumed loading eases the backlog of delayed vessels and reduces the supply disruption for soymeal and soyoil buyers. Prices should soften as delayed cargoes ship out.
After 34 past bearish logistics events, SBM moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 13 past bearish logistics events, SBO moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +3.0%), and +0.3% 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.