# Argentine soy workers reach deal on wage hike, ending strike | Buenos Aires Times

> Argentine soybean workers reached a wage agreement on December 30, ending a strike of almost three weeks. The deal includes a 35% pay increase in 2020, an annual bonus, and a further 25% adjustment in 2021. Soybean futures had reached six-year highs near $13 a bushel, with soyoil and meal also at multi-year highs.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49496-argentine-soy-workers-reach-deal-on-wage-hike-ending-strike-buenos-aires-times
- 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

Resumed port loadings ease the Argentine export bottleneck that drove the soybean complex rally, so prices may lose some supply-driven support even as China's demand stays strong.

## Read by commodity

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

## 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 | 2022-04-15 | [Haulage strike that paralysed farming exports lifted \| Buenos Aires Times](https://feedsoft.ai/events/41861-haulage-strike-that-paralysed-farming-exports-lifted-buenos-aires-times.md) | +2.0% | +2.4% |
| 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 | 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 | 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% | +0.5% |
| SBM | 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) | +3.4% | +3.4% |
| SBM | 2022-04-15 | [Haulage strike that paralysed farming exports lifted \| Buenos Aires Times](https://feedsoft.ai/events/41861-haulage-strike-that-paralysed-farming-exports-lifted-buenos-aires-times.md) | -0.2% | -11.7% |
| 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% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/soy-workers-reach-deal-on-wage-hike-ending-strike.phtml

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