The Aceiteros union (SOEA) began an indefinite strike at 80% of Argentina's oilseed crushing companies on Monday. The action is aimed at the labor reform in the omnibus bill and the reinstatement of the income tax.
The stoppage affects the agro-export sector and domestic supply.
A crushing shutdown cuts soybean meal and oil output, which tightens export availability and supports meal and oil prices. The duration of the strike will determine how large and lasting the effect is.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.