The Unidos Portuarios Argentinos union (SUPA) continued its strike against Exolgan, which has disrupted all operations at the Avellaneda port terminal in Dock Sud for several days. The union accused the company's manager of bringing in police and temporary workers to replace strikers, raising the risk of violence.
A stoppage at a major Buenos Aires-area terminal can delay grain and meal exports and add port congestion, modestly supporting freight and Argentine export premiums.
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.
Not enough comparable past events yet for a historical read.
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.