# Argentina’s soybean area updated while wheat output forecast at 17.6 million tonnes

> Sagyp projects Argentina's 2024-25 soybean planted area at 17.8 million hectares, 7.8% above the prior season, with planting reaching 36% of the projected area in November. BCR raised its soybean output estimate to 53-53.5 million tonnes, and Sagyp forecasts wheat output up 10.7% to 17.6 million tonnes.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13892-argentina-s-soybean-area-updated-while-wheat-output-forecast-at-17-6-million
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger expected Argentine soybean and wheat crops add export supply and are mildly bearish for soy complex and wheat prices, with rainfall the key swing factor for planting progress and yields.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-15 | [Argentina's Soybean Area Set to Expand to 17 Million Hectares for 2026/27](https://feedsoft.ai/events/13777-argentina-s-soybean-area-set-to-expand-to-17-million-hectares-for-2026-27.md) | +3.3% | +0.2% |
| SOY | 2026-09-30 | [BAGE forecasts Argentina’s soybean crop at 53.6 mln tons](https://feedsoft.ai/events/13774-bage-forecasts-argentina-s-soybean-crop-at-53-6-mln-tons.md) | +0.4% | -5.3% |
| SOY | 2019-06-15 | [Good sales prospects from China for Argentina's 56 million tons of soybeans — MercoPress](https://feedsoft.ai/events/58441-good-sales-prospects-from-china-for-argentina-s-56-million-tons-of-soybeans.md) | +0.7% | +0.6% |
| SOY | 2024-09-30 | [Argentina to harvest 143.2 million tonnes of grains and oilseeds - Fastmarkets](https://feedsoft.ai/events/13901-argentina-to-harvest-143-2-million-tonnes-of-grains-and-oilseeds-fastmarkets.md) | -2.6% | -7.3% |
| SOY | 2019-02-27 | [U.S. soybean stocks to hang over market for ‘a while’](https://feedsoft.ai/events/60619-u-s-soybean-stocks-to-hang-over-market-for-a-while.md) | -0.3% | -0.3% |
| SBM | 2026-09-15 | [Argentina's Soybean Area Set to Expand to 17 Million Hectares for 2026/27](https://feedsoft.ai/events/13777-argentina-s-soybean-area-set-to-expand-to-17-million-hectares-for-2026-27.md) | +4.4% | +7.9% |
| SBM | 2026-09-30 | [BAGE forecasts Argentina’s soybean crop at 53.6 mln tons](https://feedsoft.ai/events/13774-bage-forecasts-argentina-s-soybean-crop-at-53-6-mln-tons.md) | -1.3% | -3.9% |
| SBM | 2019-06-15 | [Good sales prospects from China for Argentina's 56 million tons of soybeans — MercoPress](https://feedsoft.ai/events/58441-good-sales-prospects-from-china-for-argentina-s-56-million-tons-of-soybeans.md) | -2.4% | -3.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentinas-soybean-area-updated-while-wheat-output-forecast-at-17-6-million-tonnes/

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