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Truckers blocked roads around ports in Buenos Aires province, disrupting Argentine grain exports. The protesters demanded lower taxes, tolls and fuel prices and set fee schedules for farmer transport.
About 80% of Argentine farm exports ship from Rosario terminals, which the blockade threatened to reach.
Disrupted loading at Rosario, which handles most Argentine farm exports, delays soymeal and corn shipments and can lift freight costs and nearby prices for buyers reliant on Argentine supply.
feedandgrain.comFeb 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.
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.
