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The bulk carrier Ocean Treasure collided with Terminal 6 North Pier at Rosario on Argentina's Parana River on April 24, 2018 while berthing. Part of the elevator collapsed and the north dock suffered serious damage, slowing activity at the terminal.
The ship was due to load about 24,000 tonnes of soymeal and corn bound for Saudi Arabia and China-linked buyers.
Damage to a major Argentine soymeal export berth tightens near-term meal supply, supporting soymeal prices and pressuring buyers who depend on Argentine origin.
gcaptain.comReutersApr 25, 2018After 167 past bullish logistics events, SBM moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
