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Wage talks between Argentine oilseed crushers' union FTCIOD, the San Lorenzo Oil Workers Union and grain receivers' union Urgara have stalled, according to the Ciara-CEC exporters chamber. The chamber warned a nationwide strike could disrupt grain exports.
Earlier local strikes had already delayed grain terminals.
Strike risk at Argentine crushing plants and grain ports threatens export logistics for soymeal and soybean oil, which could tighten nearby supply and support prices.
ofimagazine.comNov 13, 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 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 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.
