# Virus hobbles Argentina's biggest soy exporters – with harvest nearing | Buenos Aires Times

> Argentina's biggest soybean meal and oil exporters are dealing with logistical problems as the harvest approaches. A nationwide lockdown and local municipalities restricting movement are complicating crushing and shipping of tens of millions of tonnes of product. Exporters say grain terminals could be affected.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/53986-virus-hobbles-argentina-s-biggest-soy-exporters-with-harvest-nearing-buenos
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Disruption to crushing and port operations in Argentina could reduce meal and oil export flows during peak season, supporting soymeal and soyoil prices. The effect depends on whether terminals keep operating normally.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-03-22 | 5 | +11.8% | 5.4 | Lockdown logistics problems for Argentina's largest soymeal and oil exporters raised supply disruption concerns, though dated just after the window. |
| SOY | 2020-03-23 | 5 | +7.4% | 3.5 | Lockdown-related crushing and shipping problems at Argentina's biggest soy exporters raise the risk of reduced meal and oil exports, which is bullish for US soy. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-12 | [Workers to halt grain exports in Argentina against Milei’s reforms \| Buenos Aires Times](https://feedsoft.ai/events/13919-workers-to-halt-grain-exports-in-argentina-against-milei-s-reforms-buenos-aires.md) | -0.3% | -3.0% |
| SOY | 2024-05-02 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13921-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | +4.9% | +4.7% |
| SOY | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -0.7% | -3.4% |
| SOY | 2018-02-07 | [Argentina: Transporters halt shipments at ports](https://feedsoft.ai/events/66509-argentina-transporters-halt-shipments-at-ports.md) | +2.6% | +7.0% |
| SOY | 2018-06-25 | [Argentina's grain exports halt in strike against Macri - Grainews](https://feedsoft.ai/events/64373-argentina-s-grain-exports-halt-in-strike-against-macri-grainews.md) | -4.0% | -5.2% |
| SBM | 2024-06-12 | [Workers to halt grain exports in Argentina against Milei’s reforms \| Buenos Aires Times](https://feedsoft.ai/events/13919-workers-to-halt-grain-exports-in-argentina-against-milei-s-reforms-buenos-aires.md) | +0.8% | +2.6% |
| SBM | 2024-08-08 | [Soy-crush workers extend strike over pay to third day \| Buenos Aires Times](https://feedsoft.ai/events/13907-soy-crush-workers-extend-strike-over-pay-to-third-day-buenos-aires-times.md) | -4.6% | -4.4% |
| SBM | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | +6.0% | +11.1% |

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/virus-hobbles-argentinas-biggest-soy-exporters-with-harvest-nearing.phtml
- bloomberg.com: https://www.bloomberg.com/news/articles/2020-03-23/virus-hobbles-world-s-biggest-soy-exporters-with-harvest-nearing

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