Loading…
Argentina's crushing-plant union federation FTCIOD launched an indefinite nationwide strike on October 13, 2020 to demand reopening of salary talks. The action affects most crushing plants and grain ports except those in the San Lorenzo area, with adherence reported near 100%.
Affected firms include Cargill, Bunge, Louis Dreyfus and Glencore.
A prolonged shutdown of Argentine crushing cuts meal and oil output from the world's top soymeal exporter, supporting soymeal and soyoil prices and tightening feed supply.
fastmarkets.comJuan Pedro TomasOct 14, 2020
thepoultrysite.comMegan HowellOct 14, 2020After 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.
After 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.
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.
