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Grain Central reports that damage at Argentina's Terminal 6 on the Parana River, caused by the Ocean Treasure collision on April 24, may tighten soymeal supply to China near term. The article says this could spark export buying of Australian cottonseed.
Australian cottonseed demand has so far been limited to domestic uses.
Argentine terminal disruption supports soymeal prices and could redirect Chinese feed buyers toward alternative meal sources such as Australian cottonseed.
graincentral.comLiz WellsMay 1, 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.
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.
