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Port workers in Greater Rosario, through which 80% of Argentina's grain is shipped, suspended a planned 24-hour strike after a truck driver ran over and killed a protester. The strike had started at midnight over layoffs and wage demands.
Workers said they would join a national CGT general strike on April 6.
Disruption at Rosario, Argentina's main grain export hub, can delay wheat, corn and soybean loadings and widen Argentine FOB basis discounts. The April 6 national strike is a further risk to shipments.
marinelink.comMichelle HowardMar 30, 2017
maritimeprofessional.comMichelle HowardMar 30, 2017
yahoo.comMar 30, 2017After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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, SOY moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 167 past bullish logistics events, SBM moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
