Loading…
Brazil's Paranagua port shipped 419,314 tonnes of soymeal in September, up 35% from August. Drought and low water on the Rio de la Plata have stopped barges from Argentina, so Paraguayan meal is moving by road to Brazilian ports.
Drought-driven rerouting of meal exports through Brazil shifts logistics costs and supply flows, while strong Brazilian export pace adds competing supply to world soymeal markets.
esmmagazine.comDayeeta DasOct 11, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
