# Argentine soy crushers sign deal with oilseed workers, ending strike

> Argentina's soy crushing companies signed a contract with oilseed workers unions on December 29, ending a 20-day strike over wages. The deal includes a two-part 25% salary increase from January to August, with later increases tied to inflation. The strike had delayed loading of 162 ships, holding up about $1.458 billion in exports.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49491-argentine-soy-crushers-sign-deal-with-oilseed-workers-ending-strike
- 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 is the top soymeal and soyoil exporter, so the end of the port stoppage restores flows of feed protein to world buyers and eases the supply squeeze that had lifted soybean complex prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-12-30 | [Argentine soy workers reach deal on wage hike, ending strike \| Buenos Aires Times](https://feedsoft.ai/events/49496-argentine-soy-workers-reach-deal-on-wage-hike-ending-strike-buenos-aires-times.md) | +3.4% | +3.4% |
| SBM | 2021-01-08 | [Argentine port strike with port-side grain inspectors ends \| 2021-01-08  \| World Grain](https://feedsoft.ai/events/49136-argentine-port-strike-with-port-side-grain-inspectors-ends-2021-01-08-world.md) | +5.6% | +1.0% |
| SBM | 2021-01-07 | [Argentine Grains Inspectors End Strike \| Feed & Grain](https://feedsoft.ai/events/49137-argentine-grains-inspectors-end-strike-feed-and-grain.md) | +4.1% | +0.5% |
| SBM | 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) | +2.9% | +4.6% |
| SBM | 2022-06-30 | [Argentina trucker strike ends, boosting grains exports](https://feedsoft.ai/events/14029-argentina-trucker-strike-ends-boosting-grains-exports.md) | -0.8% | +4.4% |
| SBO | 2020-12-30 | [Argentine soy workers reach deal on wage hike, ending strike \| Buenos Aires Times](https://feedsoft.ai/events/49496-argentine-soy-workers-reach-deal-on-wage-hike-ending-strike-buenos-aires-times.md) | +3.0% | +1.9% |
| SBO | 2024-04-30 | [Argentina grains strike lifted as lawmakers push forward divisive reforms](https://feedsoft.ai/events/13929-argentina-grains-strike-lifted-as-lawmakers-push-forward-divisive-reforms.md) | +0.5% | +6.4% |
| SBO | 2024-08-12 | [Argentina grains shipments at ports normalizing after strike suspension \| Reuters](https://feedsoft.ai/events/13903-argentina-grains-shipments-at-ports-normalizing-after-strike-suspension-reuters.md) | -5.1% | -2.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/us/argentine-soy-crushers-sign-deal-with-oilseed-workers-ending-strike-idUSL1N2J90YS/

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