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An Argentine truckers strike over high diesel prices ended on June 30 after a deal with some unions, lifting a one-week protest around the Rosario port. The strike had paralyzed corn and other grain exports as the harvest moved to ports.
Resumed truck flows should clear the port backlog and restore export shipments, easing the supply squeeze and weighing on Argentine grain export premiums.
reuters.comMaximilian HeathJun 30, 2022After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% 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.
