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A one-day national strike in Argentina shut down airports, trains and buses in Buenos Aires to protest inflation. The action also shut the grains port, halting grain loadings and shipments.
Halted port operations delay export shipments of soy products and grains, which can widen Argentine export premiums and support near-term prices for soymeal and oil while cargoes are held up.
yahoo.comSep 25, 2018After 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.
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.
Not enough comparable past events yet for a historical read.
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.
