# Argentina soy harvest could be worst in decades as forecast slashed | Reuters

> Forecasts for Argentina's current soy crop were cut to 27 million tonnes, down from 34.5 million tonnes in the prior month's estimate. The new figure would be below the 27.5 million tonnes harvested in the 2000/2001 season.

- Date: 2023-03-09 · published 2023-03-09T12:00:00.000Z
- Category: report · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13978-argentina-soy-harvest-could-be-worst-in-decades-as-forecast-slashed-reuters
- 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

A forecast cut of this size signals a much smaller Argentine soybean supply, supporting soybean meal and oil prices in world markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -1.2% | +0.7% |
| SOY | 2026-07-10 | [FAS sees slight dip in Argentine soy output \| World Grain](https://feedsoft.ai/events/13787-fas-sees-slight-dip-in-argentine-soy-output-world-grain.md) | +1.3% | -1.9% |
| SOY | 2020-11-10 | [Soy futures surge to new four-year high as USDA slashes inventory estimates \| Reuters](https://feedsoft.ai/events/12422-soy-futures-surge-to-new-four-year-high-as-usda-slashes-inventory-estimates.md) | +4.4% | +3.7% |
| SOY | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +1.9% | +0.2% |
| SBM | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -2.8% | +2.1% |
| SBM | 2021-10-21 | [Argentina’s oilseed crushing rate forecast to drop](https://feedsoft.ai/events/44400-argentina-s-oilseed-crushing-rate-forecast-to-drop.md) | +0.4% | +11.5% |
| SBM | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +4.1% | +5.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/argentina-soy-harvest-could-be-worst-in-decades-as-forecast-slashed-idUSL1N35G32P/

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