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The Independent Truckers Union at Bahia Blanca (ACFUA) called an indefinite strike from July 30 over a contractor dispute. All grain terminals there are blocked and cargo is not being received, though vessel operations were still running normally.
Blocked grain terminals at Bahia Blanca cut Argentine export loading capacity, which can tighten nearby soymeal and corn export supply and support Argentine-origin prices, especially if the strike drags on.
amdulce.com.arAug 3, 2021After 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.
After 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 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
