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Grain truck owners in Argentina are protesting for higher freight rates, slowing grain transport. CIARA-CEC said exporters and crushers could run out of soy, corn and wheat within a day or two if shipments halt, with 56% fewer trucks arriving at Rosario on Monday than a week earlier.
Rosario handles about 80% of Argentine agri exports, so a prolonged halt would tighten near-term export supply and crush output, supporting soybean meal and oil and corn prices.
en.mercopress.comFeb 6, 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.
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.
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.
