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Argentina's grains inspectors union URGARA began a 24-hour strike over bonus payments. Port activity and shipments were not affected, though the strike hit non-port storage centers and trucks delivering grain to terminals.
Port exporters said they had reserves to operate for several days.
Argentina is the top exporter of processed soybeans, so a prolonged strike could tighten meal supply, but the limited impact and seasonal low export period mean little immediate price pressure on soybean meal.
marinelink.comMaximilian HeathFeb 21, 2022After 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 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
