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Argentine grain port inspectors represented by the URGARA union launched surprise strikes on Monday after wage talks stalled. The union says it will halt work as it sees fit and has exhausted dialogue.
A separate oilseed union is also threatening action over pandemic payments, which is under government mediation.
Argentina dominates world soymeal and soyoil exports, so repeated port stoppages raise the risk of shipment delays and support processed soy product prices.
gcaptain.comMike SchulerNov 9, 2020After 167 past bullish logistics events, SBM 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, SBO moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
