
Argentine oilseed crushers workers union SOEA began a strike to protest a proposed labor reform awaiting a lower house vote in Congress. A union leader confirmed the action on Thursday.
A strike at crushing plants can slow soybean meal and oil output, tightening near-term supply of meal and oil for feed buyers.
After 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 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.