# Drought curtails Argentina's latest 'soy dollar' scheme | Farmtario

> Farmers in Argentina's soy dollar plan sold less than half the soybean volume of the prior plan in the first four days, with 441,747 tonnes sold. The Rosario exchange blamed a drought that has cut the 2022-23 soybean harvest to its worst level in about 25 years.

- Date: 2023-04-15 · published 2023-04-15T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13973-drought-curtails-argentina-s-latest-soy-dollar-scheme-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak farmer selling under the preferential rate signals tight available soybean supply, which supports soybean and meal prices and keeps Argentine export availability limited.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | +0.0% | +6.5% |
| SOY | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.6% | -2.2% |
| SOY | 2017-01-18 | [U.S. grains: Soy up for fourth session on Argentina crop concerns \| Farmtario](https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario.md) | -1.0% | -2.3% |
| SOY | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -2.0% | -2.8% |
| SOY | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| SBM | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | -0.0% | +6.9% |
| SBM | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.0% | -2.9% |
| SBM | 2017-01-18 | [U.S. grains: Soy up for fourth session on Argentina crop concerns \| Farmtario](https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario.md) | -1.7% | -2.7% |

## Sources

- farmtario.com: https://farmtario.com/daily/drought-curtails-argentinas-latest-soy-dollar-scheme/

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