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Rainfall in central and northern Argentina improved soil moisture, and the Buenos Aires Grain Exchange said 66% of soybean area now has optimal to adequate water. The exchange estimated soybean output at 48.5 million tonnes and corn at a record 57 million tonnes.
Easing drought stress reduces the risk of Argentine supply losses, which weighs on soybean and corn prices. Argentina is the top soymeal and soyoil exporter, so the outlook matters for meal markets.
agriculture.comReutersFeb 20, 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 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
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.
