Loading…
Grain transporters' protest brought truck traffic to a near standstill at Argentine terminals on Wednesday, halting grain shipments in the Rosario hub, which handles about 80% of the country's grain and derivative exports. Ports at Bahía Blanca and Quequén were also affected, and some terminals had run out of stock.
With Rosario largely halted and storage emptying, export and crush volumes are cut, which supports soybean, soymeal and corn prices as buyers look to other origins.
aduananews.comAduanaNewsFeb 7, 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 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.
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.
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.
