# Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace

> Workers at soy-processing plants in Argentina's Parana River district went on strike Monday, with most plants closing to truck deliveries. The SOEA and Federation of Oilseed Industry Workers are protesting income-tax and labor-rule changes in President Milei's reform bill. The walkout comes as heavy rains had already delayed bean deliveries.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13921-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina supplies much of the world's soymeal and soyoil, so a prolonged crush stoppage tightens near-term meal and oil availability and supports prices. The December 2021 precedent shows how quickly processing can collapse.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-05-05 | 5 | +7.8% | 3.1 | Argentine crusher strike halts meal and oil output from the top soymeal exporter, tightening global meal supply and boosting meal and soybean prices. |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Strike closing Parana River crushing plants to deliveries plus rain delays cut near-term Argentine meal supply. |
| SBM | 2024-05-05 | 1 | +3.2% | 3.1 | Argentine crusher strike cuts meal output from the top exporter, a bullish supply shock for meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | +6.0% | +11.1% |
| SBM | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -3.0% | -11.3% |
| SBM | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +5.6% | +21.5% |
| SBM | 2023-04-04 | [Grain inspectors strike likely to impact Argentina’s soybean, corn trade](https://feedsoft.ai/events/13970-grain-inspectors-strike-likely-to-impact-argentina-s-soybean-corn-trade.md) | -1.4% | -6.7% |
| SBM | 2023-03-31 | [Grain inspectors strike likely to impact Argentina's soybean, corn trade](https://feedsoft.ai/events/13975-grain-inspectors-strike-likely-to-impact-argentina-s-soybean-corn-trade.md) | -0.7% | -3.8% |
| SBO | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | -3.9% | +2.4% |
| SBO | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +1.2% | +7.4% |
| SBO | 2023-04-04 | [Grain inspectors strike likely to impact Argentina’s soybean, corn trade](https://feedsoft.ai/events/13970-grain-inspectors-strike-likely-to-impact-argentina-s-soybean-corn-trade.md) | -4.8% | -9.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentinas-soybean-crushers-strike-just-as-harvest-gathers-pace/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.