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Argentine grain port quality inspectors' union URGARA suspended a 36-hour strike planned for Friday over wages after the government called for talks. A meeting with the Labor Ministry is set for September 2.
Argentina is the top soymeal exporter and a major corn and soybean supplier, so a port strike would disrupt shipments and could temporarily support meal and grain prices; the suspension reduces that near-term risk.
marinelink.comMaximilian HeathAug 28, 2020After 48 past neutral logistics events, SBM moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
