# Argentine exchange forecasts soybean harvest at 52 mln tons

> The Buenos Aires Grain Exchange forecasts Argentina's 2024/25 soybean crop at 52 million tonnes, corn at 47 million and wheat at 18.6 million. LSEG cut its wheat forecast by 1% to 17.2 million tonnes because of dry conditions and heat in southern Buenos Aires province.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13902-argentine-exchange-forecasts-soybean-harvest-at-52-mln-tons
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Moisture deficits during key crop stages reduce wheat yield potential and tighten Argentine wheat supply for export. This supports wheat prices, while the soybean and corn forecasts are largely unchanged.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-16 | [Argentine soybean harvest estimate cut to 41 mln tonnes](https://feedsoft.ai/events/13989-argentine-soybean-harvest-estimate-cut-to-41-mln-tonnes.md) | -0.7% | +2.4% |
| WHEAT | 2023-10-10 | [COCERAL forecasts the grain harvest in the EU-27 + UK at 289.8 mln tons.](https://feedsoft.ai/events/33560-coceral-forecasts-the-grain-harvest-in-the-eu-27-uk-at-289-8-mln-tons.md) | +0.2% | -1.8% |
| WHEAT | 2025-06-13 | [Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America](https://feedsoft.ai/events/13852-argentina-s-soybean-harvest-exceeds-forecast-by-300-000-tonnes-and-other-news.md) | +1.4% | -3.9% |
| WHEAT | 2022-11-14 | [Argentina exchange cuts wheat outlook again, rains spell hope for soy](https://feedsoft.ai/events/13999-argentina-exchange-cuts-wheat-outlook-again-rains-spell-hope-for-soy.md) | +0.8% | +0.0% |
| WHEAT | 2021-08-12 | [Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests \| ESM Magazine](https://feedsoft.ai/events/45509-strategie-grains-lowers-forecast-for-eu-wheat-barley-harvests-esm-magazine.md) | +2.5% | +4.2% |
| SOY | 2025-08-27 | [MS begins planting soybeans for the 2025/26 harvest on September 16 - Cultivar Magazine](https://feedsoft.ai/events/13479-ms-begins-planting-soybeans-for-the-2025-26-harvest-on-september-16-cultivar.md) | -1.2% | -1.9% |
| SOY | 2025-01-14 | [Brazil’s corn crop forecast lowered to 122.3 mln tons](https://feedsoft.ai/events/13520-brazil-s-corn-crop-forecast-lowered-to-122-3-mln-tons.md) | +2.5% | +0.2% |
| SOY | 2017-09-19 | [Corn, soybean harvest starts in southern Iowa](https://feedsoft.ai/events/68803-corn-soybean-harvest-starts-in-southern-iowa.md) | +0.4% | +2.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentine-exchange-forecasts-soybean-harvest-at-52-mln-tons/

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