A serious problem for the government's numbers: oilseed workers halt exports indefinitely

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.

• Nov 4, 2021Argentine oilseed workers ordered by government to end hours-long strike-0.2%
• Jun 12, 2024Workers to halt grain exports in Argentina against Milei’s reforms | Buenos Aires Times+0.8%
• Feb 19, 2026The Argentine maritime workers’ strike for reform of labor halts grain shipments+5.7%
• Jul 31, 2021Port workers' strikes hinder Argentine exports of cereals — MercoPress+1.4%
• Apr 19, 2022Argentina port workers to go on strike in the middle of soybean, corn harvest | S&P Global-3.0%

After 85 past bullish logistics events, SBO moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.

• Nov 4, 2021Argentine oilseed workers ordered by government to end hours-long strike-3.0%
• Jun 12, 2024Workers to halt grain exports in Argentina against Milei’s reforms | Buenos Aires Times+1.0%
• Feb 19, 2026The Argentine maritime workers’ strike for reform of labor halts grain shipments+2.7%
• Jun 4, 2019Strike halts grain exports in Argentina - U.S. Identity Preserved Alliance+0.1%
• May 29, 2019Strike halts grain exports in Argentina | 2019-05-29 | World Grain+0.7%