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A 48-hour strike by tugboat captains and other port workers at Argentina's Port of Rosario backed up agricultural exports last week. A letter from the port chamber said the stoppage caused a total logistics breakdown, with congestion at anchorages and no room for new ships to load.
Unions threatened another strike that week unless their vaccine-priority demands were met.
Congestion at Rosario delays soymeal and corn shipments during peak harvest export season, which tightens nearby supply and supports Argentine-origin feed meal prices.
feedandgrain.comMay 24, 2021After 167 past bullish logistics events, SBM 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.
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.
