# Argentine crops endure three weeks with scarce rain after estimate hikes | Reuters

> Argentine crops endured three weeks of scarce rain after estimates were raised. The 2023-24 Argentine soybean crop estimate was put at 50 million tonnes versus 48 million previously.

- Date: 2024-02-07 · published 2024-02-07T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13937-argentine-crops-endure-three-weeks-with-scarce-rain-after-estimate-hikes-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry weather during the critical period threatens yields and raises concern over Argentine soymeal and corn exports, a bullish factor for feed prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +0.3% | +0.8% |
| SOY | 2025-04-11 | [Argentina soy, once parched, now has too much rain \| Reuters](https://feedsoft.ai/events/13863-argentina-soy-once-parched-now-has-too-much-rain-reuters.md) | +0.7% | +1.5% |
| 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 | 2023-01-16 | [Argentine soybean harvest estimate cut to 41 mln tonnes](https://feedsoft.ai/events/13989-argentine-soybean-harvest-estimate-cut-to-41-mln-tonnes.md) | -3.1% | +0.3% |
| SOY | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -3.0% | -2.4% |
| SBM | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +0.7% | +6.6% |
| SBM | 2025-04-11 | [Argentina soy, once parched, now has too much rain \| Reuters](https://feedsoft.ai/events/13863-argentina-soy-once-parched-now-has-too-much-rain-reuters.md) | -0.1% | -3.3% |
| SBM | 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) | +1.4% | +2.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentine-crops-endure-three-weeks-with-scarce-rain-after-estimate-hikes-2024-02-07/

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