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Low water on the Paraná River has forced ships leaving Argentina to load less cargo, shifting some soy oil shipments to Brazilian ports such as Paranaguá. Cattalini expects Brazilian soy oil exports to rise 25% in 2020, with Abiove raising its export estimate to 1 million tonnes.
Argentine soy oil and meal export capacity is constrained by river logistics, and Brazil captures the displaced volume, which supports Brazilian soy oil availability and affects global soy oil and meal trade flows.
datamarnews.comSylvia SchandertJul 20, 2020After 13 past neutral logistics events, Soybean Oil moved a median -0.4% over 5 sessions (38% higher; middle half -0.9% to +0.7%), and +2.0% over 20.
After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
