Argentina's soy belt may be in for an alarmingly dry January

After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• Apr 12, 2017Flooding In Argentina May Delay Soy Crop Harvesting | Investing.com+1.2%
• Dec 2, 2022Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry+4.0%
• Jan 4, 2023Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters+1.5%
• Feb 8, 2017Soggy fields in Argentina+0.2%
• Feb 23, 2021Unusually dry February renews risk to Argentina’s soybeans and corn+0.6%

After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.

• Apr 12, 2017Flooding In Argentina May Delay Soy Crop Harvesting | Investing.com+0.5%
• Dec 2, 2022Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry+10.1%
• Jan 4, 2023Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters+4.1%
• Feb 8, 2017Soggy fields in Argentina+1.1%
• Feb 23, 2021Unusually dry February renews risk to Argentina’s soybeans and corn-0.7%

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.

• Dec 2, 2022Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry-1.9%
• Jan 4, 2023Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters-1.3%
• Feb 23, 2021Unusually dry February renews risk to Argentina’s soybeans and corn-0.5%
• Oct 9, 2025La Niña forecast raises early alarm bells for Milei’s Argentina | Buenos Aires Times-0.9%
• Jan 4, 2018Argentina's Soybean Planting Pace Is Slowest in History-0.8%