Chances of a Strike at East Coast and West Coast Ports are Growing; Here's How it Could Impact Farmers

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.

• Aug 30, 2022Old River locks closing impacts farmers’ bottom lines-2.9%
• Jun 30, 2022Port strike ‘would be devastating’ for ag, economy-5.0%
• Apr 15, 2022Haulage strike that paralysed farming exports lifted | Buenos Aires Times+2.0%
• Sep 4, 2024Low water levels on the Mississippi River impact barges and grain exports before harvest-2.0%
• Mar 1, 2019Busiest U.S. Grains Port Swamped by Flooding as Exporters Await China Deal-0.8%

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.

• Apr 15, 2022Haulage strike that paralysed farming exports lifted | Buenos Aires Times-0.2%
• Sep 27, 2018Strike action grounds ports, rail operations as congestion surcharge looms-0.1%
• Dec 28, 2020Argentina Calls Meeting to End Grains Port Strike | Feed & Grain+2.9%
• Oct 18, 2022Sunflowers and soybeans in Ukraine are falling in price against the background of the new harvest and limited exports 18.10.2022 - UkrAgroConsult-0.1%
• Aug 12, 2024Argentina grains shipments at ports normalizing after strike suspension | Reuters-6.5%