Loading…
Argentine grain port workers launched surprise strikes over stalled wage talks, delaying shipments from one of the world's top exporters. The URGARA protests affected major exporters including ACA and ADM at Rosario and Bahía Blanca, while a separate oilseed union threatened further action.
Port disruptions in Argentina's main crushing hub reduce near-term soymeal and soybean export flows, supporting prices for feed buyers. The risk of a wider oilseed strike adds to the upward pressure.
feedandgrain.comDec 1, 2020After 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.
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.
