# Argentine unions strike to protest Milei reforms, pressure lawmakers | Reuters

> Argentine unions launched strikes to protest reforms by President Milei and to pressure lawmakers. The work stoppages affect the country's major processed soybean and grain exports, which are a key source of foreign currency for the government.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13928-argentine-unions-strike-to-protest-milei-reforms-pressure-lawmakers-reuters
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Disruption to Argentina's processed soybean exports tightens global supplies of soymeal and soyoil, supporting their prices. The strike's duration will determine how large the price effect becomes.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-01 | 1 | +3.3% | 3.7 | Union strikes hit Argentina's processed soybean exports, tightening near-term global meal supply. |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Union strikes hit Argentina's processed soybean exports, a trade flow risk supporting meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-10-30 | [Argentina transportation unions strike against Milei's austerity moves \| Reuters](https://feedsoft.ai/events/13897-argentina-transportation-unions-strike-against-milei-s-austerity-moves-reuters.md) | -0.8% | -4.8% |
| SBM | 2024-06-27 | [Argentine oilseed union strikes as labor reform up for vote](https://feedsoft.ai/events/13914-argentine-oilseed-union-strikes-as-labor-reform-up-for-vote.md) | +1.8% | -2.9% |
| SBM | 2018-02-08 | [Argentine truck strike pressures more ports, lowers grain cargos](https://feedsoft.ai/events/66508-argentine-truck-strike-pressures-more-ports-lowers-grain-cargos.md) | +10.3% | +13.5% |
| SBM | 2017-03-30 | [Argentine Port Workers Suspend Strike after Protester Run Over](https://feedsoft.ai/events/72010-argentine-port-workers-suspend-strike-after-protester-run-over.md) | -1.9% | -1.7% |
| SBM | 2025-04-10 | [Argentine workers launch widespread 24-hour strike against Milei's austerity measures](https://feedsoft.ai/events/25146-argentine-workers-launch-widespread-24-hour-strike-against-milei-s-austerity.md) | +1.1% | -2.3% |
| SBO | 2024-06-27 | [Argentine oilseed union strikes as labor reform up for vote](https://feedsoft.ai/events/13914-argentine-oilseed-union-strikes-as-labor-reform-up-for-vote.md) | +4.8% | +6.0% |
| SBO | 2025-04-10 | [Argentine workers launch widespread 24-hour strike against Milei's austerity measures](https://feedsoft.ai/events/25146-argentine-workers-launch-widespread-24-hour-strike-against-milei-s-austerity.md) | +2.1% | +4.3% |
| SBO | 2026-02-19 | [The Argentine maritime workers’ strike for reform of labor halts grain shipments](https://feedsoft.ai/events/20631-the-argentine-maritime-workers-strike-for-reform-of-labor-halts-grain-shipments.md) | +2.7% | +1.3% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-apr-30-24/
- reuters.com: https://www.reuters.com/world/americas/argentina-oilseed-union-strikes-protest-milei-labor-reforms-2024-04-29/

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