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Argentina's largest unions staged a 24-hour strike on Thursday that halted trains, planes and ports in protest against austerity measures from President Milei's government. In Rosario, port operations were stopped, and Argentina is the world's top exporter of soymeal and soyoil.
Argentina's large share of global soymeal and soyoil exports means a port shutdown tightens near-term supply for those products, supporting prices until shipments resume.
reuters.comApr 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.
