# Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily

> South American soybean output is projected at 6,887 million bushels, up 6% from last season, but below earlier forecasts. Brazil is near a record crop while Argentina faces its worst harvest in more than two decades, both due to La Niña. The authors expect a larger South American crop plus a possibly larger U.S. crop to push prices down.

- Date: 2023-04-01 · published 2023-04-01T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large South American supply, particularly Brazil's record crop, adds export competition and weighs on soybean prices. Argentina's shortfall partly offsets the gain in regional volume.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-25 | [Brazil’s soybean harvest, safrinha corn-planting accelerate - Grain Central](https://feedsoft.ai/events/13513-brazil-s-soybean-harvest-safrinha-corn-planting-accelerate-grain-central.md) | -3.0% | -2.1% |
| SOY | 2025-06-13 | [Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America](https://feedsoft.ai/events/13852-argentina-s-soybean-harvest-exceeds-forecast-by-300-000-tonnes-and-other-news.md) | +2.5% | -4.3% |
| SOY | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -2.4% | -5.8% |
| SOY | 2021-01-19 | [Timely Rains Help Brazil Crops, Dry Conditions Remain in Argentina \| Red River Farm Network](https://feedsoft.ai/events/48978-timely-rains-help-brazil-crops-dry-conditions-remain-in-argentina-red-river.md) | -5.2% | -2.3% |
| SOY | 2021-10-21 | [Double-Dip La Nina Motivates Second-Fastest Start on Record to Brazil Soybean Planting](https://feedsoft.ai/events/44379-double-dip-la-nina-motivates-second-fastest-start-on-record-to-brazil-soybean.md) | -0.5% | +2.5% |
| SBM | 2025-06-13 | [Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America](https://feedsoft.ai/events/13852-argentina-s-soybean-harvest-exceeds-forecast-by-300-000-tonnes-and-other-news.md) | -3.4% | -9.4% |
| SBM | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -4.6% | -4.6% |
| SBM | 2026-02-20 | [Rainfall Prevents Drop in Soybean Productivity in Argentina](https://feedsoft.ai/events/13807-rainfall-prevents-drop-in-soybean-productivity-in-argentina.md) | +5.3% | +9.4% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/03/record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south-america.html

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