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Independent teamsters have blocked Argentine highways for four consecutive days to protest fuel prices, taxes and tolls, threatening grain and oilseed deliveries to port terminals. Rosario grain truck entries fell sharply and the industry chamber CIARA-CEC warned of storage problems if the blockade continues.
Prolonged road blockades would limit Argentine soymeal, soyoil and corn exports, supporting global oilseed product and corn prices.
en.mercopress.comJan 21, 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 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
