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Argentina's 2026-27 soybean estimate was raised eight percent from the prior forecast to 52.5 million tonnes, citing expected excellent yields under a developing super El Niño. Most added soybean area is expected to come at the expense of corn, particularly in the north, partly due to corn stunt disease.
A larger Argentine soybean crop and shift of acreage away from corn increase soymeal supply and ease soy prices, while reduced corn plantings support corn prices. The El Niño weather pattern is a key driver of expected yields.
world-grain.comSusan ReidyOct 12, 2026After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
