Argentina-Grain market at a standsill.

ARGENTINA-GRAIN MARKET AT A STANDSTILL.

Traders in main grains market in Rosario said no deals were done as a result of a week-long commercial strike by farmers that has paralyzed grains markets. They said trade was expected to get back to normal on Monday.

Farmers are halting grain sales for a week to protest government farming policy and export duties on soybeans, their top crop. The strike is planned to last through today. US soy futures ended lower yesterday, pressured by talk that China was releasing one million tons from its soybean stocks to supply the domestic market.