# Forecast: agricultural exports down US$13 billion from 2022 due to drought - Buenos Aires Herald

> FADA forecasts Argentina's agricultural exports will fall US$13 billion from 2022 to about US$47 billion, mainly because of drought. Rosario data show corn projections down 15% and soybeans down 7%.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13983-forecast-agricultural-exports-down-us-13-billion-from-2022-due-to-drought
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Argentine grain output reduces export supplies and weakens the export-duty and dollar inflow base. That supports world corn and soybean prices and may add pressure on the peso.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-12 | [Economy challenge 2023: farm exports may be reduced by up to US$14.1 billion due to the drought - Buenos Aires Herald](https://feedsoft.ai/events/13990-economy-challenge-2023-farm-exports-may-be-reduced-by-up-to-us-14-1-billion-due.md) | +2.2% | +2.2% |
| CORN | 2024-10-24 | [Drought expands across key US agricultural regions \| Feed & Grain](https://feedsoft.ai/events/13146-drought-expands-across-key-us-agricultural-regions-feed-and-grain.md) | -1.3% | +1.0% |
| CORN | 2021-12-14 | [Argentina bourse doubles down on drought risk for soy, corn \| Buenos Aires Times](https://feedsoft.ai/events/14066-argentina-bourse-doubles-down-on-drought-risk-for-soy-corn-buenos-aires-times.md) | -3.7% | +1.9% |
| CORN | 2023-03-24 | [Argentina exchange sees 2022/23 soy imports up 139% due to drought - DatamarNews](https://feedsoft.ai/events/36892-argentina-exchange-sees-2022-23-soy-imports-up-139-due-to-drought-datamarnews.md) | +1.7% | +0.3% |
| CORN | 2023-06-29 | [US Midwest drought expands, but forecast rains offer relief to crops \| Reuters](https://feedsoft.ai/events/13268-us-midwest-drought-expands-but-forecast-rains-offer-relief-to-crops-reuters.md) | -2.5% | +2.0% |
| SOY | 2023-01-12 | [Economy challenge 2023: farm exports may be reduced by up to US$14.1 billion due to the drought - Buenos Aires Herald](https://feedsoft.ai/events/13990-economy-challenge-2023-farm-exports-may-be-reduced-by-up-to-us-14-1-billion-due.md) | -0.0% | +0.3% |
| SOY | 2024-10-24 | [Drought expands across key US agricultural regions \| Feed & Grain](https://feedsoft.ai/events/13146-drought-expands-across-key-us-agricultural-regions-feed-and-grain.md) | -2.1% | -0.7% |
| SOY | 2020-03-16 | [AgRural reduces soybean forecast for 19/20 crop due to drought in Rio Grande do Sul - DatamarNews](https://feedsoft.ai/events/53980-agrural-reduces-soybean-forecast-for-19-20-crop-due-to-drought-in-rio-grande-do.md) | +1.9% | +0.9% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/business/agro/forecast-agricultural-exports-down-us13-billion-from-2022-due-to-drought

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