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Argentine crushers pulled meal and oil offers from the spot market as an oilseed workers' strike persisted. No old-crop soyoil or soymeal offers were available at Up River.
January soyoil shipments were bid 5.20 cents over CBOT, and industry losses from the strikes were estimated at about $300 million.
Argentina is the world's largest soymeal and soyoil exporter, so withheld supply tightens global meal and oil markets and supports prices.
fastmarkets.comJuan Pedro Tomas, Rei Geyssens14 dec 2020Na 167 eerdere opwaarts logistiek-gebeurtenissen bewoog Sojaschroot zich mediaan +0,5% over 5 sessies (54% hoger; middelste helft -1,8% tot +2,9%), en -1,2% over 20.
Na 85 eerdere opwaarts logistiek-gebeurtenissen bewoog Sojaolie zich mediaan +0,7% over 5 sessies (64% hoger; middelste helft -1,3% tot +2,7%), en +3,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Argentine crushers pulled meal offers from the spot market during the oilseed workers' strike, directly tightening global soymeal supply (Argentina is the top meal exporter) and starting the rally.
