# Global Ag News for Apr 30.24 - ADM Investor Services

> Argentine oilseed and maritime unions struck on Monday to protest labor and tax reform bills backed by President Milei. The strikes coincided with congressional debate on the legislation, and union leaders said they would continue while Congress is in session. The oilseed union operates in Rosario, the hub of Argentina's soybean export industry.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/30750-global-ag-news-for-apr-30-24-adm-investor-services
- 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

Strikes at Rosario crushing and port facilities can delay soybean meal and oil shipments, supporting meal and oil prices while Argentina dominates world meal exports. The overnight market wrap shows soymeal rising sharply, consistent with that supply concern.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-05-01 | 1 | +3.0% | 3.4 | Argentine oilseed and maritime union strikes, with leaders saying they would continue while Congress is in session, added to supply-disruption concerns around the move date. |
| SOY | 2024-05-05 | 5 | +7.8% | 3.1 | Argentine oilseed and maritime union strikes on April 29 signalled continued export disruption while Congress debated the reforms. |
| SBM | 2024-05-01 | 1 | +3.3% | 3.7 | Unions said strikes would continue while Congress is in session, sustaining supply disruption risk for meal. |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Unions said strikes would continue while Congress is in session, sustaining Argentine meal supply risk. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-10-31 | [Global Ag News for Oct 31.24 - ADM Investor Services](https://feedsoft.ai/events/13898-global-ag-news-for-oct-31-24-adm-investor-services.md) | -1.1% | -4.2% |
| SBM | 2024-12-27 | [Global Ag News for Dec 27.24 - ADM Investor Services](https://feedsoft.ai/events/11403-global-ag-news-for-dec-27-24-adm-investor-services.md) | -1.5% | +0.2% |
| SBM | 2020-04-20 | [Labor and trucking woes hamper global food supply – Wyoming Livestock Roundup](https://feedsoft.ai/events/53682-labor-and-trucking-woes-hamper-global-food-supply-wyoming-livestock-roundup.md) | -0.2% | -0.2% |
| SBM | 2020-09-28 | [Argentine port workers cease activity for 24 hours - Brownfield Ag News](https://feedsoft.ai/events/51127-argentine-port-workers-cease-activity-for-24-hours-brownfield-ag-news.md) | +3.7% | +14.7% |
| SBM | 2020-04-01 | [Soyameal trade remains critical for the livestock industry \| AHDB](https://feedsoft.ai/events/53724-soyameal-trade-remains-critical-for-the-livestock-industry-ahdb.md) | -8.6% | -11.9% |
| SBO | 2024-12-27 | [Global Ag News for Dec 27.24 - ADM Investor Services](https://feedsoft.ai/events/11403-global-ag-news-for-dec-27-24-adm-investor-services.md) | -0.1% | +10.0% |
| SBO | 2024-01-04 | [Logistics and global dynamics in focus for EU vegetable oil market](https://feedsoft.ai/events/32194-logistics-and-global-dynamics-in-focus-for-eu-vegetable-oil-market.md) | -1.3% | -6.7% |
| SBO | 2024-02-29 | [Global supply shortfall, higher freight rates may raise edible oil prices](https://feedsoft.ai/events/9427-global-supply-shortfall-higher-freight-rates-may-raise-edible-oil-prices.md) | +0.5% | +7.2% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-apr-30-24/

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