Truckers lifted the strike that had blocked access to the Puerto Quequén port complex in Argentina. A seven-hour negotiation at the port consortium's headquarters set a 16% rate increase over the previous tariff, and the port has returned to normal operations.
Losses during the conflict were estimated at at least USD 450 million in foreign currency not brought into the country.
Clearing the backlog at a major Argentine grain and oilseed port adds export capacity for soybean products and corn, easing near-term supply tightness for buyers. The higher haulage cost, however, raises logistics costs for Argentine exporters and can narrow the FOB discount.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), 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.