Argentina's oilseed workers' union has been on national strike for 48 hours over wage updates, leaving more than 10,000 trucks stranded at the main export ports and about 20 vessels waiting for cargo. The Argentine oilseed chamber and grain exporters criticised the lack of dialogue, and the stoppage is costing over US$1 million per day.
A strike at crushing plants and export terminals cuts soymeal and soyoil shipments from a major origin, which can lift world meal and oil prices and keep buyers waiting for delivered supply.
After 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 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.