# Argentina Rains 'Turn Game Around' for Grains After Drought, Exchange Says

> Heavy rain of 30 to 90 millimeters fell over 24 hours across Argentina's core agricultural region, according to the Rosario grains exchange. The exchange said the rains improved conditions for corn and wheat after a drought, and it had cut its 2024/25 wheat estimate to 19.5 million tons earlier in the month. Corn planting can resume and soybean planting can accelerate.

- Date: 2024-10-24 · published 2024-10-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13896-argentina-rains-turn-game-around-for-grains-after-drought-exchange-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Easing drought losses raise expected Argentine corn and wheat supplies, which is bearish for prices. Improved soy planting also supports meal and oil supply later in the season.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-11 | [Bumper harvest of soybeans and corn expected in Argentina, says Rosario grains exchange — MercoPress](https://feedsoft.ai/events/59433-bumper-harvest-of-soybeans-and-corn-expected-in-argentina-says-rosario-grains.md) | +0.7% | -3.1% |
| CORN | 2025-08-16 | [Particle: Argentina’s Pampas Rebound After July Deluge but Pest and Drought Risks Remain](https://feedsoft.ai/events/13843-particle-argentina-s-pampas-rebound-after-july-deluge-but-pest-and-drought.md) | +1.4% | +3.6% |
| CORN | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -1.2% | +2.7% |
| CORN | 2021-06-25 | [Farmers and Crops Welcome Recent Rains, as Drought Deepens for Others](https://feedsoft.ai/events/46418-farmers-and-crops-welcome-recent-rains-as-drought-deepens-for-others.md) | +5.6% | -5.6% |
| CORN | 2024-10-25 | [Argentina Weather Outlook Positive for Soy and Corn Planting, Meteorologist Says](https://feedsoft.ai/events/27780-argentina-weather-outlook-positive-for-soy-and-corn-planting-meteorologist-says.md) | -1.7% | +0.1% |
| WHEAT | 2025-08-16 | [Particle: Argentina’s Pampas Rebound After July Deluge but Pest and Drought Risks Remain](https://feedsoft.ai/events/13843-particle-argentina-s-pampas-rebound-after-july-deluge-but-pest-and-drought.md) | +3.2% | +0.2% |
| WHEAT | 2025-08-05 | [Wheat crop estimates for 2025/26 surge after rains throughout NSW \| The Land \| NSW](https://feedsoft.ai/events/23273-wheat-crop-estimates-for-2025-26-surge-after-rains-throughout-nsw-the-land-nsw.md) | -0.8% | +0.7% |
| WHEAT | 2020-11-05 | [Australian grains recover as rain ends drought - Food & Agribusiness](https://feedsoft.ai/events/50131-australian-grains-recover-as-rain-ends-drought-food-and-agribusiness.md) | +0.4% | -6.0% |

## Sources

- agriculture.com: https://www.agriculture.com/argentina-rains-turn-game-around-for-grains-after-drought-exchange-says-8733367

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