# Argentina's agriculture to recover slowly despite El Niño -grains exchange

> Argentina's agriculture is expected to recover slowly despite the forecast El Niño, after dry conditions delayed soy and corn crops and halved last season's wheat output. The 2022/23 soybean crop is forecast at 22.5 million tonnes, almost half the previous season's output due to lack of rain.

- Date: 2023-05-10 · published 2023-05-10T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13967-argentina-s-agriculture-to-recover-slowly-despite-el-nino-grains-exchange
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A much smaller Argentine soybean and corn crop reduces export availability from a major supplier, supporting world soymeal, soyoil and corn prices while buyers replace lost volumes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | +0.4% | +2.3% |
| SOY | 2017-09-19 | [Climate change could dampen Argentina’s recovery. \| Climate Change](https://feedsoft.ai/events/68793-climate-change-could-dampen-argentina-s-recovery-climate-change.md) | +0.4% | +2.4% |
| SOY | 2022-09-27 | [Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39523-agriculture-weather-watch-no-respite-for-argentinian-wheat-despite-rain.md) | -2.6% | -2.8% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2026-10-01 | [Historic El Niño puts Brazil crops at risk as Argentina gains a weather edge](https://feedsoft.ai/events/13420-historic-el-nino-puts-brazil-crops-at-risk-as-argentina-gains-a-weather-edge.md) | +0.3% | -5.3% |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | -4.7% | +0.6% |
| CORN | 2017-09-19 | [Climate change could dampen Argentina’s recovery. \| Climate Change](https://feedsoft.ai/events/68793-climate-change-could-dampen-argentina-s-recovery-climate-change.md) | +0.2% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentinas-agriculture-recover-slowly-despite-el-nio-grains-exchange-2023-05-10/?taid=645c998eaad4b00001bdc277

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