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Two Argentine agro-export unions, the FTCIODyARA oilseed workers and URGARA grain inspectors, announced an indefinite national strike starting Tuesday, December 1. The unions accuse employers' chambers of refusing to negotiate over wages amid high inflation.
Argentina is the main global exporter of soybean oil and meal.
An indefinite strike at the main soymeal and soyoil export hub would disrupt shipments and likely lift international soymeal and oil prices.
elehrouh.blogspot.comMonita SeoNov 30, 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.
