Soy prices increased 1.3 percent yesterday in Chicago and close at $516 per ton, in part influenced by a longshoremen demonstration that started last Wednesday at the San Martin General Port, located close to Rosario, Argentina.
The longshoremen blocked access to the plants and ports of Cargill, Bunge and Aceitera General Deheza, which represent 16 percent of the soy milling in the country. The rest of the firms continued with their activities uninterrupted. The blocked of the terminals were a reason of concern in the Chicago Market as the conflict boosted prices of other commodities as well.