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Argentina's grain receivers union Urgara announced a port work stoppage from March 19 to March 25, arguing grain classification is not essential under the COVID-19 isolation decree. Business chambers warned the strike could jeopardize loading of 18 ships carrying about 2.2 million tonnes of grain, and a mandatory conciliation by the Labor Ministry was expected.
Disrupted port loadings delay Argentine soybean, meal and corn export flows, tightening nearby supplies and supporting meal and oil prices while shipments are held up.
aduananews.comAduanaNews21 Mar 2020Setelah 167 peristiwa logistik bullish sebelumnya, Bungkil Kedelai bergerak median +0,5% selama 5 sesi (54% lebih tinggi; separuh tengah -1,8% sampai +2,9%), dan -1,2% selama 20 sesi.
Setelah 206 peristiwa logistik bullish sebelumnya, Kedelai bergerak median +0,5% selama 5 sesi (56% lebih tinggi; separuh tengah -1,3% sampai +2,6%), dan +1,4% selama 20 sesi.
Setelah 285 peristiwa logistik bullish sebelumnya, Jagung bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,5% sampai +1,5%), dan +0,8% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Argentine port grain receivers' strike (Mar 19-25) put loading of 18 ships and 2.2 Mt at risk, tightening soymeal export supply.
The Argentine port strike threatened loading of 18 ships carrying about 2.2 million tonnes of grain, which would cut the supply reaching export markets and support US soybean prices.
Argentine grain receivers' port strike from March 19 threatened loading of 18 ships, which implies tighter soymeal export supply from the world's top exporter and supports prices.
The Argentine port strike was set to end March 25 with mandatory conciliation expected, so easing supply fears could remove the premium.
