# Argentine soybean losses likely priced in - Brownfield Ag News

> The Rosario Grain Exchange cut its Argentine soybean estimate 14 percent, from 46.5 million tons to 40 million, but the futures market barely reacted. USDA forecasts Argentine production at 47 million tons. Analyst Jamey Kohake expects the actual crop to land in the low 40 million range and says the cut is already priced in.

- Date: 2018-03-16 · published 2018-03-16T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10382-argentine-soybean-losses-likely-priced-in-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A roughly 6.5 million ton cut in Argentine supply would normally support soybean prices, but the market has absorbed it and is stuck in its trading range. Prices will need harvest yield results to move decisively.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-21 | [High soybean yields still attainable - Brownfield Ag News](https://feedsoft.ai/events/64873-high-soybean-yields-still-attainable-brownfield-ag-news.md) | +4.3% | -9.0% |
| SOY | 2017-12-11 | [South Dakota soybean yield champ pays close attention to whole farm - Brownfield Ag News](https://feedsoft.ai/events/67342-south-dakota-soybean-yield-champ-pays-close-attention-to-whole-farm-brownfield.md) | -2.3% | -3.4% |
| SOY | 2023-08-15 | [Soybeans down despite dry weather concerns - Brownfield Ag News](https://feedsoft.ai/events/5617-soybeans-down-despite-dry-weather-concerns-brownfield-ag-news.md) | -1.5% | -4.3% |
| SOY | 2023-12-22 | [Limited business headed into long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11284-limited-business-headed-into-long-holiday-weekend-brownfield-ag-news.md) | -0.3% | -4.5% |
| SOY | 2018-11-12 | [Weather pivotal in 2018 crop production - Brownfield Ag News](https://feedsoft.ai/events/61891-weather-pivotal-in-2018-crop-production-brownfield-ag-news.md) | +1.9% | +4.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/argentine-soybean-losses-likely-priced/

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