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

> Workers at Argentine soy-processing plants began a strike on Monday just as farmers were collecting the soybean crop. The action threatens to paralyze output from Argentina, the world's largest supplier of soymeal for livestock feed and a major source of soyoil.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Halted crushing cuts supply of soymeal and soyoil to global feed and food buyers, which tends to lift meal and oil prices. Soybean crush demand also falls, which weighs on raw bean values.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Argentine crusher strike threatened output from the world's top soymeal exporter, tightening export meal supply. |
| SOY | 2024-05-01 | 1 | +3.0% | 3.4 | The Argentine crusher strike that began April 29 threatened soymeal and soyoil output from the top meal exporter, a supply-disruption risk that plausibly supported soybean futures into May 1. |
| SOY | 2024-05-05 | 5 | +7.8% | 3.1 | Strike start on April 29 threatened Argentine soymeal output during harvest, adding supply-disruption premium to the soy complex. |
| SBM | 2024-05-01 | 1 | +3.3% | 3.7 | Argentine crusher strike threatened output from the world's largest soymeal exporter, a supply disruption bullish for meal prices. |
| SBM | 2024-05-05 | 1 | +3.2% | 3.1 | Argentine crushing strike threatens world's largest soymeal supplier, supporting meal prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-30 | [Argentine soy crushers sign deal with oilseed workers, ending strike](https://feedsoft.ai/events/49491-argentine-soy-crushers-sign-deal-with-oilseed-workers-ending-strike.md) | +5.4% | +4.5% |
| SOY | 2020-12-28 | [Argentina Calls Meeting to End Grains Port Strike \| Feed & Grain](https://feedsoft.ai/events/49667-argentina-calls-meeting-to-end-grains-port-strike-feed-and-grain.md) | +4.2% | +8.4% |
| SOY | 2021-01-07 | [Argentine Grains Inspectors End Strike \| Feed & Grain](https://feedsoft.ai/events/49137-argentine-grains-inspectors-end-strike-feed-and-grain.md) | +3.4% | +0.5% |
| SOY | 2022-06-30 | [Argentina trucker strike ends, boosting grains exports](https://feedsoft.ai/events/14029-argentina-trucker-strike-ends-boosting-grains-exports.md) | -5.0% | -3.9% |
| SOY | 2025-02-18 | [Corn, soybean barge basis firm as some rivers rise](https://feedsoft.ai/events/26233-corn-soybean-barge-basis-firm-as-some-rivers-rise.md) | -0.7% | -2.0% |
| SBM | 2024-05-02 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13921-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | +8.4% | +6.3% |
| 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% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-apr-30-24/
- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-29/argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace-lvl8pjqi

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