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Labor and trucking problems linked to the pandemic are hampering the movement of food through the supply chain. Argentina's soybean crusher union threatened a strike over contagion fears, and Brazilian port workers nearly voted on a stoppage.
U.S. trucking is under strain as rigs return empty.
Possible crusher strikes in Argentina would cut soybean meal output and could lift soymeal prices, while trucking strain adds to freight costs.
wylr.netApr 20, 2020After 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.
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.
