# Grains, Livestock, Energy Get Up Off Mats in Thursday Trade

> May soybean meal futures hit a four-month high of $314.80 a ton on Thursday, and grains, livestock and energy all closed higher after a volatile week. Traders cited possible port closures in Argentina and Brazil tied to coronavirus government responses, plus higher crude oil.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/6170-grains-livestock-energy-get-up-off-mats-in-thursday-trade
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Threatened South American port disruptions cut expected export availability of soymeal, supporting prices for feed buyers. Higher crude also lifts the outlook for biofuel-linked demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-03-22 | 5 | +11.8% | 5.4 | May soymeal hit a four-month high on possible Argentine and Brazilian port closures, directly reflecting the supply-risk rally. |
| SOY | 2020-03-23 | 5 | +7.4% | 3.5 | May soybean meal hit a four-month high on possible Argentine and Brazilian port closures, a supply-disruption driver of the late-week rally in the soy complex. |
| SBM | 2020-03-18 | 1 | +3.6% | 4.4 | Port closure fears in Argentina and Brazil drove May meal to a four-month high; the report is dated a day after the move, but it reflects the same supply-disruption narrative. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-04-01 | [Soyameal trade remains critical for the livestock industry \| AHDB](https://feedsoft.ai/events/53724-soyameal-trade-remains-critical-for-the-livestock-industry-ahdb.md) | -8.6% | -11.9% |
| SBM | 2021-12-02 | [U.S. short on livestock inputs \| The Western Producer](https://feedsoft.ai/events/43929-u-s-short-on-livestock-inputs-the-western-producer.md) | +2.0% | +13.8% |
| SBM | 2020-12-22 | [Strike in Argentina affects livestock feed exports \| Feed Strategy](https://feedsoft.ai/events/49497-strike-in-argentina-affects-livestock-feed-exports-feed-strategy.md) | +3.6% | +8.2% |
| SBM | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | +2.6% | -8.4% |
| SBM | 2023-03-31 | [Grain inspectors strike likely to impact Argentina's soybean, corn trade](https://feedsoft.ai/events/13975-grain-inspectors-strike-likely-to-impact-argentina-s-soybean-corn-trade.md) | -0.7% | -3.8% |
| SOY | 2020-12-22 | [Strike in Argentina affects livestock feed exports \| Feed Strategy](https://feedsoft.ai/events/49497-strike-in-argentina-affects-livestock-feed-exports-feed-strategy.md) | +4.2% | +10.2% |
| SOY | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | +4.4% | -1.3% |
| SOY | 2023-04-04 | [Grain inspectors strike likely to impact Argentina’s soybean, corn trade](https://feedsoft.ai/events/13970-grain-inspectors-strike-likely-to-impact-argentina-s-soybean-corn-trade.md) | -1.6% | -5.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/03/19/grains-livestock-energy-get-mats

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