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Grain inspectors at Urgara launched a strike in late March demanding wage increases to keep up with inflation near 100%. Analysts expect more labor actions from crushing plant workers, port workers and other unions as annual wage contracts come due.
The government announced a new soybean dollar program to boost exports.
Recurring strikes at crushers and ports could disrupt Argentine meal and oil exports at a time when crushers must import record soybean volumes, supporting global soymeal and soyoil prices.
ukragroconsult.comApr 6, 2023After 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.
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.
