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Argentina's Rosario agro-port terminals kept operating normally on March 30 despite a strike by the Urgara grain receivers union aimed at storage centers. The port chamber CAPyM said only some specific cases would see slightly reduced merchandise receipts.
Rosario handles about 80% of Argentine grain shipments and nearly all soymeal and oil exports, so confirmation that ports are unaffected limits near-term export disruption, though a drought-hit crop already tightens meal and oil supply.
marinelink.comMar 30, 2023After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
After 13 past neutral logistics events, Soybean Oil moved a median -0.4% over 5 sessions (38% higher; middle half -0.9% to +0.7%), and +2.0% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
