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Grain inspectors and crushers at Argentina's Rosario port, which handles about 80% of the country's agricultural exports, began a 48-hour strike. The action followed an explosion that killed a worker and raised safety concerns.
The strike covers the Timbues, San Lorenzo and General San Martin facilities.
Rosario is the main export outlet for Argentine soymeal, soyoil and corn, so a halt in loadings tightens near-term export supply and can lift soybean complex prices.
biofuelsdigest.comadminDec 31, 2017After 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.
