# Argentina downpour 'damaging' for soy and corn, weather analysts say | Reuters

> Recent heavy rains in Argentina have delayed the soybean harvest and raised humidity, putting soybean and corn output estimates at risk. Rosario estimates soy at 50 million tons and corn at 57 million tons.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13932-argentina-downpour-damaging-for-soy-and-corn-weather-analysts-say-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Yield losses and harvest delays from excess moisture tighten Argentine export supply, which supports soybean, meal and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-06 | [Heatwave to hit Argentina, further stressing corn, soybean crops \| Reuters](https://feedsoft.ai/events/14062-heatwave-to-hit-argentina-further-stressing-corn-soybean-crops-reuters.md) | +0.5% | +11.6% |
| 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 | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | -1.7% | +5.6% |
| SOY | 2017-06-14 | [Changing weather causes issues for development of corn and soybeans - Radio Iowa](https://feedsoft.ai/events/70343-changing-weather-causes-issues-for-development-of-corn-and-soybeans-radio-iowa.md) | -0.5% | +9.0% |
| SOY | 2026-01-29 | [Heat wave hits Argentina, threatening corn and soybean crops](https://feedsoft.ai/events/13817-heat-wave-hits-argentina-threatening-corn-and-soybean-crops.md) | +1.6% | +6.8% |
| CORN | 2022-01-06 | [Heatwave to hit Argentina, further stressing corn, soybean crops \| Reuters](https://feedsoft.ai/events/14062-heatwave-to-hit-argentina-further-stressing-corn-soybean-crops-reuters.md) | +2.0% | +4.0% |
| CORN | 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) | -1.3% | -0.7% |
| CORN | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | +0.1% | +7.0% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentina-downpour-damaging-soy-corn-weather-analysts-say-2024-03-21/

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