# Officials raise alarm as country's key crop forecast drops by over 1 million tons — here's what it means for global food prices

> The Buenos Aires Grains Exchange cut its 2024/25 soybean forecast by about 1 million tonnes to 48.6 million metric tons on April 11 because of drought, with northeastern Argentina yields down 22%. The national corn forecast was held at 49 million metric tons even though some areas face yield drops of 40%.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13867-officials-raise-alarm-as-country-s-key-crop-forecast-drops-by-over-1-million
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Argentine soybean crop reduces export supply of soybeans and meal, supporting prices for protein meal used in feed rations.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | -0.1% | +3.4% |
| SOY | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | +0.4% | +2.3% |
| SOY | 2017-08-02 | [Erratic Monsoon Rains Threaten Key Indian Grain, Food Crops - AgriBusiness Global](https://feedsoft.ai/events/69408-erratic-monsoon-rains-threaten-key-indian-grain-food-crops-agribusiness-global.md) | +0.4% | -3.0% |
| SOY | 2023-06-29 | [US Midwest drought expands, but forecast rains offer relief to crops \| Reuters](https://feedsoft.ai/events/13268-us-midwest-drought-expands-but-forecast-rains-offer-relief-to-crops-reuters.md) | +5.2% | +5.6% |
| SOY | 2022-07-27 | [Soybeans rally as U.S. forecast turns hot, dry \| Financial Post](https://feedsoft.ai/events/8742-soybeans-rally-as-u-s-forecast-turns-hot-dry-financial-post.md) | +2.4% | +2.2% |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | -0.6% | +0.5% |
| SBM | 2017-08-02 | [Erratic Monsoon Rains Threaten Key Indian Grain, Food Crops - AgriBusiness Global](https://feedsoft.ai/events/69408-erratic-monsoon-rains-threaten-key-indian-grain-food-crops-agribusiness-global.md) | -0.2% | -4.4% |

## Sources

- thecooldown.com: https://www.thecooldown.com/sustainable-food/argentine-soybean-crop-drought-forecast/

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