# Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets

> Argentine crushers pulled meal and oil offers from the spot market as an oilseed workers' strike persisted. No old-crop soyoil or soymeal offers were available at Up River. January soyoil shipments were bid 5.20 cents over CBOT, and industry losses from the strikes were estimated at about $300 million.

- Date: 2020-12-14 · published 2020-12-14T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina is the world's largest soymeal and soyoil exporter, so withheld supply tightens global meal and oil markets and supports prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-12-21 | 5 | +8.3% | 3.2 | Argentine crushers pulled meal offers from the spot market during the oilseed workers' strike, directly tightening global soymeal supply (Argentina is the top meal exporter) and starting the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | +6.0% | +11.1% |
| 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 | 2025-03-13 | [Argentine soybean mill workers strike creating unease in global meal market](https://feedsoft.ai/events/13872-argentine-soybean-mill-workers-strike-creating-unease-in-global-meal-market.md) | +1.5% | +1.0% |
| SBM | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | +3.7% | +10.1% |
| SBM | 2021-01-22 | [Argentina's Atlantic ports paralysed as lorry drivers strike deepens - Fastmarkets](https://feedsoft.ai/events/49133-argentina-s-atlantic-ports-paralysed-as-lorry-drivers-strike-deepens-fastmarkets.md) | -1.9% | -1.8% |
| SBO | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | -3.9% | +2.4% |
| SBO | 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) | +1.5% | +8.5% |
| SBO | 2020-10-14 | [Argentine crush workers launch strike action over wage demands - Fastmarkets](https://feedsoft.ai/events/50481-argentine-crush-workers-launch-strike-action-over-wage-demands-fastmarkets.md) | -1.2% | +6.9% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue/

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