# Weather and ports' strike in Argentina boosting soy and cereals prices — MercoPress

> More than 100 cargo ships were kept from loading agricultural goods in Argentina as a wage strike continued. US soybeans climbed to six-year highs on Argentine weather and export troubles. Corn was pressured by Brazilian rains, while wheat firmed on tighter Russian exports.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49495-weather-and-ports-strike-in-argentina-boosting-soy-and-cereals-prices-mercopress
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentine port delays and dry weather support soybean meal and grain prices, while Brazilian rain eases corn's drought premium and Russian export tightness supports wheat.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-06 | [Trucks strike threatens Argentine cereal exports and soy crushing industry — MercoPress](https://feedsoft.ai/events/66342-trucks-strike-threatens-argentine-cereal-exports-and-soy-crushing-industry.md) | +3.3% | +9.8% |
| SOY | 2021-07-31 | [Port workers' strikes hinder Argentine exports of cereals — MercoPress](https://feedsoft.ai/events/45899-port-workers-strikes-hinder-argentine-exports-of-cereals-mercopress.md) | +0.5% | -3.9% |
| SOY | 2020-09-29 | [Argentine cereal and oilseed exports stopped by grain inspectors' strike — MercoPress](https://feedsoft.ai/events/50973-argentine-cereal-and-oilseed-exports-stopped-by-grain-inspectors-strike.md) | +2.5% | +9.2% |
| SOY | 2018-02-08 | [Argentine truck strike pressures more ports, lowers grain cargos](https://feedsoft.ai/events/66508-argentine-truck-strike-pressures-more-ports-lowers-grain-cargos.md) | +3.5% | +7.2% |
| SOY | 2020-11-11 | [Grain Port Worker Strike Delays Ships in Argentina](https://feedsoft.ai/events/50154-grain-port-worker-strike-delays-ships-in-argentina.md) | +2.8% | +1.8% |
| SBM | 2018-02-06 | [Trucks strike threatens Argentine cereal exports and soy crushing industry — MercoPress](https://feedsoft.ai/events/66342-trucks-strike-threatens-argentine-cereal-exports-and-soy-crushing-industry.md) | +9.4% | +17.6% |
| SBM | 2021-07-31 | [Port workers' strikes hinder Argentine exports of cereals — MercoPress](https://feedsoft.ai/events/45899-port-workers-strikes-hinder-argentine-exports-of-cereals-mercopress.md) | +1.4% | +0.0% |
| SBM | 2020-09-29 | [Argentine cereal and oilseed exports stopped by grain inspectors' strike — MercoPress](https://feedsoft.ai/events/50973-argentine-cereal-and-oilseed-exports-stopped-by-grain-inspectors-strike.md) | +3.3% | +17.1% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/12/23/weather-and-ports-strike-in-argentina-boosting-soy-and-cereals-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.