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More than 1,500 trucks entered Greater Rosario's ports, nearly double the previous week's count, as a 10-day grain transporters' strike ended. A truce runs until the 23rd of the month.
Soybean, wheat, corn and sunflower trucks all resumed arriving at ports, mills and factories.
The recovery in port deliveries eases the export and crush bottleneck, reducing the supply pressure that had supported soymeal, soybean and corn prices.
aduananews.comAduanaNewsFeb 15, 2018After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
