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A general strike called by Argentina's CGT union federation halted grain exports and port activity in Rosario on June 25, 2018. Banks and public transit also stopped, while protests targeted President Macri's IMF-linked austerity measures.
Halted loadings at Rosario, the main soymeal and soyoil export hub, delay shipments and can build short-term export backlogs, supporting nearby soymeal and oil prices while freight and port delays persist.
grainews.caReuters, GFM Network NewsJun 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 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.
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.
