# Soybeans accelerate, wheat points to a large harvest and El Niño raises questions about what comes next

> Argentina's soybean planting is running well ahead of last year, with 17.8% of the projected 17 million hectares sown, according to the Buenos Aires Grain Exchange. Argentine wheat harvest is starting in the north and output is expected to be high, while forecasts point to uneven summer rainfall.

- Date: 2026-11-15 · published 2026-11-15T15:20:34.733Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/101474-soybeans-accelerate-wheat-points-to-a-large-harvest-and-el-nino-raises
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A fast Argentine planting pace and a large wheat crop add to South American supply, which weighs on soymeal and wheat export prices. Uneven rains linked to El Niño are the main upside risk to yields later in the season.

## Read by commodity

- SBM: neutral
- SOY: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-26 | [Argentine exchange forecasts soybean harvest at 52 mln tons](https://feedsoft.ai/events/13902-argentine-exchange-forecasts-soybean-harvest-at-52-mln-tons.md) | +0.3% | -5.3% |
| SOY | 2023-08-31 | [With El Niño, farmers must pay attention to management at the beginning of the soybean harvest 23/24 - Revista Cultivar](https://feedsoft.ai/events/13633-with-el-nino-farmers-must-pay-attention-to-management-at-the-beginning-of-the.md) | -2.6% | -5.8% |
| SOY | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +2.9% | -2.0% |
| SOY | 2026-04-12 | [Brazil Soybean Harvest Nears Completion \| Red River Farm Network](https://feedsoft.ai/events/13442-brazil-soybean-harvest-nears-completion-red-river-farm-network.md) | -0.7% | +1.6% |
| SOY | 2018-04-30 | [IRI – International Research Institute for Climate and Society \| April Climate Briefing: La Niña Transitions Out, Neutral Next](https://feedsoft.ai/events/65444-iri-international-research-institute-for-climate-and-society-april-climate.md) | -1.7% | -0.3% |
| SBM | 2026-04-06 | [Climate concerns second corn crop and soybean harvest advances to 82% in Brazil](https://feedsoft.ai/events/13439-climate-concerns-second-corn-crop-and-soybean-harvest-advances-to-82-in-brazil.md) | +4.0% | +2.7% |
| SBM | 2023-11-21 | [Soybeans, corn, wheat close in positive territory - Brownfield Ag News](https://feedsoft.ai/events/12253-soybeans-corn-wheat-close-in-positive-territory-brownfield-ag-news.md) | -1.9% | -11.1% |
| SBM | 2020-02-20 | [Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans — MercoPress](https://feedsoft.ai/events/54442-despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53-1.md) | -0.6% | +3.8% |

## Sources

- meteored.com.ar: https://www.meteored.com.ar/noticias/actualidad/la-soja-acelera-el-trigo-apunta-a-una-gran-cosecha-y-el-nino-abre-una-pregunta-sobre-lo-que-viene.html

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