# Arg. sellers lift soymeal, soyoil offers 3% after port explosion - Fastmarkets

> Argentine sellers raised soymeal and soyoil offers 2-3% after an explosion at the Bunge and AGD joint venture crusher at San Lorenzo Terminal 6. The incident is expected to reduce capacity for several weeks, with soymeal offers rising to $453/mt from $440/mt.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50712-arg-sellers-lift-soymeal-soyoil-offers-3-after-port-explosion-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lost crush capacity at the Up River complex, which handles about half of global soymeal and soyoil trade, tightens export supply and supports meal and oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +5.6% | +21.5% |
| SBM | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | +3.7% | +10.1% |
| SBM | 2021-01-22 | [Argentina's Atlantic ports paralysed as lorry drivers strike deepens - Fastmarkets](https://feedsoft.ai/events/49133-argentina-s-atlantic-ports-paralysed-as-lorry-drivers-strike-deepens-fastmarkets.md) | -1.9% | -1.8% |
| SBM | 2021-08-19 | [Argentinian soy meal market surges on demand, slow farmer selling \| S&P Global](https://feedsoft.ai/events/45644-argentinian-soy-meal-market-surges-on-demand-slow-farmer-selling-s-and-p-global.md) | -1.4% | -4.3% |
| SBM | 2021-07-31 | [Port workers' strikes hinder Argentine exports of cereals — MercoPress](https://feedsoft.ai/events/45899-port-workers-strikes-hinder-argentine-exports-of-cereals-mercopress.md) | +1.4% | +0.0% |
| SBO | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +1.2% | +7.4% |
| SBO | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | -1.2% | +6.9% |
| SBO | 2020-11-09 | [Argentine grain receivers resume direct actions as salary talks fail - Fastmarkets](https://feedsoft.ai/events/50156-argentine-grain-receivers-resume-direct-actions-as-salary-talks-fail-fastmarkets.md) | +5.1% | +10.0% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/arg-sellers-lift-soymeal-soyoil-offers-3-after-port-explosion/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.