# Needed Bulls Return - Iowa Agribusiness Radio Network

> Grain, livestock and energy futures all closed higher on Thursday after a week of heavy losses. Soybeans and soybean meal led the gains on threats of port closures in Argentina and Brazil. May soybean meal closed at a four-month high of $314.80, and crude oil also rose.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: logistics · region South America · magnitude medium
- Page: https://feedsoft.ai/events/7270-needed-bulls-return-iowa-agribusiness-radio-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Port closures in Argentina and Brazil would disrupt South American soybean and meal exports, tightening global supply and supporting prices. Higher crude oil also supports soybean oil and biofuel demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-03-22 | 5 | +11.8% | 5.4 | Soybeans and meal led gains on port closure threats, with May meal closing at a four-month high. |
| SOY | 2020-03-23 | 5 | +7.4% | 3.5 | Soybeans and meal led the gains on port closure threats in South America, confirming the logistics-driven rebound after the prior week's losses. |
| SBM | 2020-03-18 | 1 | +3.6% | 4.4 | Soymeal led gains on threats of South American port closures, a supply-risk driver consistent with the jump, though the report is dated just after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-11 | [Dredging of Mississippi River means more soybeans moved to port \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/51510-dredging-of-mississippi-river-means-more-soybeans-moved-to-port-iowa.md) | +4.1% | +11.0% |
| SOY | 2022-03-20 | [Canadian Pacific rail work stoppage could hit US agriculture \| AP News](https://feedsoft.ai/events/42318-canadian-pacific-rail-work-stoppage-could-hit-us-agriculture-ap-news.md) | +2.5% | +2.8% |
| SOY | 2022-11-02 | [Palm oil jumps nearly 5% to 12-wk highs on supply woes - Markets - Business Recorder](https://feedsoft.ai/events/8071-palm-oil-jumps-nearly-5-to-12-wk-highs-on-supply-woes-markets-business-recorder.md) | +0.6% | +2.4% |
| SOY | 2020-12-23 | [Soybeans gain as South American supply falters - Markets - Business Recorder](https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder.md) | +4.5% | +5.2% |
| SOY | 2022-10-12 | [Possible Rail Strike Complicates Northern Plains Grain Movement \| Red River Farm Network](https://feedsoft.ai/events/39149-possible-rail-strike-complicates-northern-plains-grain-movement-red-river-farm.md) | -0.3% | +4.9% |
| SBM | 2020-12-23 | [Soybeans gain as South American supply falters - Markets - Business Recorder](https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder.md) | +4.2% | +6.7% |
| SBM | 2021-08-05 | [Argentine truck strike hits Bahia Blanca grains port, halting export climb - Markets - Business Recorder](https://feedsoft.ai/events/45425-argentine-truck-strike-hits-bahia-blanca-grains-port-halting-export-climb.md) | +0.5% | -2.6% |
| SBM | 2024-08-11 | [Argentina oilseed workers' strike nears one-week mark](https://feedsoft.ai/events/13906-argentina-oilseed-workers-strike-nears-one-week-mark.md) | -6.5% | -2.3% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/needed-bulls-return/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.