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

> Dry conditions are forecast to grip Argentina's farmland through at least mid-January despite earlier planting rains. The dryness raises the chance that soybean yields will disappoint for a sixth straight season.

- Date: 2025-01-08 · published 2025-01-08T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13882-argentina-s-soy-belt-may-be-in-for-an-alarmingly-dry-january
- 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

Lower expected Argentine soybean output tightens global soymeal and oil supplies, supporting soybean complex prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +1.2% | +2.4% |
| SOY | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | +4.0% | +6.3% |
| SOY | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +1.5% | +2.2% |
| SOY | 2017-02-08 | [Soggy fields in Argentina](https://feedsoft.ai/events/72335-soggy-fields-in-argentina.md) | +0.2% | -3.0% |
| SOY | 2021-02-23 | [Unusually dry February renews risk to Argentina’s soybeans and corn](https://feedsoft.ai/events/48459-unusually-dry-february-renews-risk-to-argentina-s-soybeans-and-corn.md) | +0.6% | +2.4% |
| SBM | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +0.5% | +1.5% |
| SBM | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | +10.1% | +12.6% |
| SBM | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +4.1% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentinas-soy-belt-may-be-an-alarmingly-dry-january-2025-01-08/

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