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Argentina's government will sponsor a negotiation session on Tuesday to resolve a ports strike that has slowed agricultural exports. Both sides in the wage dispute have accused each other of intransigence, and the strike remains unresolved.
A negotiated end to the strike would restore soymeal and soybean loadings and ease export bottlenecks, which is mildly bearish for prices. Failure to reach a deal would keep supply tight.
feedandgrain.comDec 28, 2020After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
