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A four-day Argentine grain transporter strike, which had paralysed farm exports, was lifted after truckers agreed to a 20% freight tariff hike. Thousands of trucks had been parked on roadways, halting shipments of soymeal, soyoil, wheat, soybeans and corn.
Resumption of trucking clears the logjam, easing the near-term supply disruption that had supported soymeal and oil prices.
batimes.com.arJames GraingerApr 15, 2022After 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.
After 13 past bearish logistics events, Soybean Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +3.0%), and +0.3% 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.
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.
