# Soybean Argentina 2023: A Comprehensive Analysis

> Argentina's 2022/23 soybean production is estimated at a 14-year low, with consultancy Safras & Mercado cutting its estimate to about 24.8 million tonnes. Farmers are expected to expand soybean acreage by 700,000 hectares to 16.7 million. Production is projected to recover to 50.5 million tonnes in 2023/24 if weather normalizes.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13965-soybean-argentina-2023-a-comprehensive-analysis
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharply smaller Argentine crop reduces export supply and supports soybean complex prices in the short term. Expected recovery in 2023/24 limits the longer-term upside.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -2.9% | +2.2% |
| SOY | 2024-12-31 | [Drought is a problem for soybeans in Argentina - Grains & Commodity Analysis \| Boerenbusiness. Nl](https://feedsoft.ai/events/13887-drought-is-a-problem-for-soybeans-in-argentina-grains-and-commodity-analysis.md) | +1.0% | +8.0% |
| 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% |
| SOY | 2026-01-31 | [Argentina's Soybean Harvest Forecast for 2025/26: 48M Tons](https://feedsoft.ai/events/13816-argentina-s-soybean-harvest-forecast-for-2025-26-48m-tons.md) | +4.8% | +8.1% |
| SOY | 2023-01-04 | [Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds](https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil.md) | +1.5% | +2.2% |

## Sources

- agflow.com: https://www.agflow.com/agricultural-markets-news/soybean-argentina-2023-a-comprehensive-analysis/

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