# Attaché trims Argentina soybeans, but crop still more than double | Farmtario

> The USDA attaché in Buenos Aires cut its estimate of Argentina's 2023/24 soybean crop to 49.5 million tonnes from the official 50 million-plus figure, citing dry January conditions and uneven February rains. Beginning stocks and imports were also revised lower.

- Date: 2024-03-18 · published 2024-03-18T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13935-attache-trims-argentina-soybeans-but-crop-still-more-than-double-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller Argentine crop and tighter supply reduce export availability, supporting soybean and soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-21 | [China more than doubles US soybean imports in July](https://feedsoft.ai/events/14556-china-more-than-doubles-us-soybean-imports-in-july.md) | +2.9% | +6.8% |
| SOY | 2023-02-03 | [USDA FAS cuts Argentina soybean guess, sees big Brazil corn crop](https://feedsoft.ai/events/37252-usda-fas-cuts-argentina-soybean-guess-sees-big-brazil-corn-crop.md) | -1.0% | -0.2% |
| SOY | 2022-07-09 | [USDA attaché alters call on China's ending stocks \| Farmtario](https://feedsoft.ai/events/14921-usda-attache-alters-call-on-china-s-ending-stocks-farmtario.md) | -10.1% | -1.0% |
| SOY | 2017-03-01 | [Argentina: Corn Areas Forecast Has Been Increased; Soybean Areas Forecast Has Been Decreased](https://feedsoft.ai/events/71851-argentina-corn-areas-forecast-has-been-increased-soybean-areas-forecast-has.md) | -1.0% | -5.2% |
| SOY | 2025-02-11 | [USDA trims South American corn, soybean estimates \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/25994-usda-trims-south-american-corn-soybean-estimates-crop-conditions-farmweeknow-com.md) | -1.0% | -4.9% |
| SBM | 2023-02-03 | [USDA FAS cuts Argentina soybean guess, sees big Brazil corn crop](https://feedsoft.ai/events/37252-usda-fas-cuts-argentina-soybean-guess-sees-big-brazil-corn-crop.md) | +0.3% | -1.2% |
| SBM | 2025-12-24 | [Argentina soybean oil and meal exports will decline](https://feedsoft.ai/events/13821-argentina-soybean-oil-and-meal-exports-will-decline.md) | -1.7% | -1.6% |
| SBM | 2021-04-21 | [Argentina soybean output lowered to 45m mt, 2021/22 at 51.5m mt - Fastmarkets](https://feedsoft.ai/events/47429-argentina-soybean-output-lowered-to-45m-mt-2021-22-at-51-5m-mt-fastmarkets.md) | +3.5% | +0.1% |

## Sources

- farmtario.com: https://farmtario.com/daily/attache-trims-argentina-soybeans-but-crop-still-more-than-double/

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