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An article on Argentina's soybean exports notes that soy goods make up more than a quarter of the country's overall export earnings, and that half the ships leaving the country carry soy products bound for Asia. The text is truncated and offers limited detail beyond this.
Heavy reliance on soy exports to Asia means Argentine shipping and crush flows remain sensitive to China demand, which supports meal and oil export prices.
nytimes.comJan 30, 2019After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 81 past neutral trade events, SBO moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
