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Argentina's central bank suspended soy crusher Vicentin from exchange markets and foreign payments until it settles debts, and barred customs from processing its new shipments. The company, once the main soyoil and meal exporter, owes more than $1 billion in bad debts and faces bankruptcy proceedings.
Vicentin's export halt removes a major share of Argentine soyoil and meal shipments, tightening near-term supply. Buyers may see wider spreads and logistics delays out of Argentine ports.
financialpost.comReutersApr 26, 2021After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
