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FETRA, Argentina's federation of transporters, said on Oct. 17 it intends to strike next week and wants higher hauling rates.
The union says it needs a trigger clause to automatically update tariffs amid hyperinflation, noting the last update was in July. Over 80% of Argentina's farm output moves to ports by truck, so a strike could disrupt port activity.
A trucking strike would delay soybean, meal, oil and corn shipments from a major exporter, tightening nearby export availability and supporting prices. Drought has already cut Argentina's soybean crop by 37%, so any logistics disruption adds to supply tightness.
container-news.comContainer News TeamOct 19, 2018
world-grain.comEric SchroederOct 19, 2018After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 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.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
