# Struggling soy crop set to hike price of animal feed | News | The Grocer

> Argentina's drought and La Niña heat have delayed planting, and the Rosario exchange cut its 2017/18 soybean production forecast to 52 million tonnes. Brazil's crop is still expected above 110 million tonnes despite flooding.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/10006-struggling-soy-crop-set-to-hike-price-of-animal-feed-news-the-grocer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina's smaller crop cuts soymeal supply from the largest meal exporter, which Rabobank expects to keep soymeal prices strong and raise feed costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-04-26 | [Will soaring US crop prices show up on a grocery shelf near you? \| Food News \| Al Jazeera](https://feedsoft.ai/events/9403-will-soaring-us-crop-prices-show-up-on-a-grocery-shelf-near-you-food-news-al.md) | +1.2% | -4.4% |
| SBM | 2022-01-26 | [Growing Concerns About the South American Crop \| Red River Farm Network](https://feedsoft.ai/events/43185-growing-concerns-about-the-south-american-crop-red-river-farm-network.md) | +9.9% | +13.9% |
| SBM | 2023-03-09 | [Higher soya price halts drop in poultry feed costs - Poultry Network](https://feedsoft.ai/events/36945-higher-soya-price-halts-drop-in-poultry-feed-costs-poultry-network.md) | -3.6% | -9.1% |
| SBM | 2022-11-25 | [Argentine drought, having cut corn, wheat crop hopes, takes aim at soybeans too - Grain Price News](https://feedsoft.ai/events/13998-argentine-drought-having-cut-corn-wheat-crop-hopes-takes-aim-at-soybeans-too.md) | +2.6% | +10.4% |
| SBM | 2023-08-03 | [‘The last crumb of fishmeal’: Fish oil and fishmeal prices face record new highs amid ‘acute’ supply shortage](https://feedsoft.ai/events/34684-the-last-crumb-of-fishmeal-fish-oil-and-fishmeal-prices-face-record-new-highs.md) | -4.5% | -5.6% |
| SOY | 2021-04-26 | [Will soaring US crop prices show up on a grocery shelf near you? \| Food News \| Al Jazeera](https://feedsoft.ai/events/9403-will-soaring-us-crop-prices-show-up-on-a-grocery-shelf-near-you-food-news-al.md) | +2.0% | -0.9% |
| SOY | 2022-01-26 | [Growing Concerns About the South American Crop \| Red River Farm Network](https://feedsoft.ai/events/43185-growing-concerns-about-the-south-american-crop-red-river-farm-network.md) | +8.6% | +19.0% |
| SOY | 2022-11-25 | [Argentine drought, having cut corn, wheat crop hopes, takes aim at soybeans too - Grain Price News](https://feedsoft.ai/events/13998-argentine-drought-having-cut-corn-wheat-crop-hopes-takes-aim-at-soybeans-too.md) | -0.4% | +2.2% |

## Sources

- thegrocer.co.uk: https://www.thegrocer.co.uk/news/struggling-soy-crop-set-to-hike-price-of-animal-feed/562883.article

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