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Argentina's trains, subways, flights, grain shipments and banks were disrupted on Thursday as unions held a general strike against President Javier Milei's austerity policies. Grain deliveries were interrupted during the strike.
Halted grain shipments from Argentina, a major exporter of soymeal, soyoil and corn, reduce available supply in the short run and can support global meal and oil prices.
apnews.comIsabel DeBreApr 10, 2025After 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.
