# Drought is a problem for soybeans in Argentina - Grains & Commodity Analysis | Boerenbusiness. Nl

> Rain was forecast for drought-hit eastern Ukraine and southern Russia, but warm, damp weather could let winter grains grow prematurely and leave new sprouts vulnerable to frost. Russian wheat prices rose $3 to $237 per ton, with Egypt the largest buyer in the first half of the season. Soybeans and drought concerns in South America were also highlighted.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: weather · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/13887-drought-is-a-problem-for-soybeans-in-argentina-grains-and-commodity-analysis
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dry weather in South America and Black Sea wheat-region risks support grain prices, while strong Russian export demand from Egypt tightens wheat supply.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-23 | [Drought and cold decimate EU grain harvest - Wheat harvest above average \| Boerenbusiness. Nl](https://feedsoft.ai/events/70951-drought-and-cold-decimate-eu-grain-harvest-wheat-harvest-above-average.md) | +0.0% | -0.7% |
| WHEAT | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | -2.9% | -2.6% |
| WHEAT | 2021-07-29 | [How is the grain harvest in Europe? - Inside Grains \| Boerenbusiness. Nl](https://feedsoft.ai/events/46025-how-is-the-grain-harvest-in-europe-inside-grains-boerenbusiness-nl.md) | +2.2% | +2.5% |
| WHEAT | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | +0.4% | -9.0% |
| WHEAT | 2019-10-01 | [Argentina Crops Being Impacted by Drought Conditions - ProAg](https://feedsoft.ai/events/56410-argentina-crops-being-impacted-by-drought-conditions-proag.md) | -4.8% | -2.4% |
| SOY | 2021-12-03 | [La Nina Is Set to Deliver Drought to Argentina’s Soybean Crop - AgriBusiness Global](https://feedsoft.ai/events/14064-la-nina-is-set-to-deliver-drought-to-argentina-s-soybean-crop-agribusiness.md) | +1.6% | +6.8% |
| SOY | 2023-01-02 | [Soybeans set to gain for 4th year amid Argentina drought, China demand](https://feedsoft.ai/events/8620-soybeans-set-to-gain-for-4th-year-amid-argentina-drought-china-demand.md) | -1.0% | +1.2% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |

## Sources

- en.boerenbusiness.nl: https://en.boerenbusiness.nl/granen-grondstof/artikel/10911485/droogte-is-een-probleem-voor-soja-in-argentini

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