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A truckers' strike halted grain truck deliveries to the Bahia Blanca port, which is handling more export volume because of low water at Rosario. Forty ships were reported waiting to load 1.2 million tonnes of corn, wheat and soymeal.
Some terminals had already run out of grain.
Stalled loadings delay Argentine corn and soymeal exports at the height of the export season, tightening near-term supply to importers. Higher trucking and logistics costs lift the prices exporters pay farmers and the prices they charge buyers.
brecorder.comReutersAug 5, 2021After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
