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Senior Contributor

Truckers burning down a soybean oil plant in Argentina

Hey, all. Still trying to get some details on this, but just got word from Luis down in Brazil (I'm sure he can weigh in with more later here) that truckers lit a soybean oil processing plant in Argentina on fire yesterday. Here's what Luis says so far:

 

"The quality control facility was totally destroyed last night by the flames. After 8PM, the fire was put out. Nearly 1,500 truckers were waiting at the line there."

 

Wow! I'm digging around to find more on it and will chat with Luis too. What do you think? Will it matter to the market today?

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5 Replies
Honored Advisor

Re: Truckers burning down a soybean oil plant in Argentina

red, red, red on my screen

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Senior Contributor

Re: Truckers burning down a soybean oil plant in Argentina

More beans available for export.

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Veteran Contributor

Re: Truckers burning down a soybean oil plant in Argentina

That's how you negotiate.

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Highlighted
Veteran Contributor

Re: Truckers burning down a soybean oil plant in Argentina

To protest by burning down the facility you were waiting to unload at is akin to our friends in Ferguson and Baltimore looting and burning their own neighborhood to protest police brutality.  If you're going to burn down something, burn somebody else's place, not your own. 

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Senior Advisor

Re: Truckers burning down a soybean oil plant in Argentina

Who said it was the truckers that wait there burned it?

 

 

If it was just the quality control facility probably easily replaced.

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