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Independent truckers under the TUDA group launched an indefinite strike that has halted grain lorry arrivals at the Bahia Blanca and Necochea ports on Argentina's Atlantic coast. Grain lorry arrivals nationally fell to 1,322 on Friday from 6,442 a week earlier, and grain loadings at Rosario ports were also affected.
Disrupted truck deliveries cut Argentine soy, meal and corn export loadings, tightening nearby supply and supporting global soymeal and corn prices while buyers scramble for alternative origins.
fastmarkets.comJuan Pedro TomasJan 22, 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 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.
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.
