# Argentina soybean output projected to plummet | World Grain

> A USDA FAS report cut Argentina's 2022-23 soybean production forecast to 36 million tonnes, 9.5 million lower than before. That would be the lowest output since 2008-09, after prolonged drought hit south-central Santa Fe, northern Buenos Aires and Entre Rios.

- Date: 2023-02-03 · published 2023-02-03T12:00:00.000Z
- Category: report · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13985-argentina-soybean-output-projected-to-plummet-world-grain
- 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 USDA cut of this size to the world's top soymeal and soy oil exporter tightens global soy product supplies and supports prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +1.3% | +2.0% |
| SOY | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +3.4% | +0.5% |
| SOY | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | +0.1% | +1.8% |
| SOY | 2021-10-15 | [Argentina’s soybean acreage estimates lowered \| World Grain](https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain.md) | +1.5% | +0.5% |
| 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% |
| SBM | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | -1.7% | -1.1% |
| SBM | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +4.1% | +0.5% |
| SBM | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | -3.0% | -1.7% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18062-argentina-soybean-output-projected-to-plummet

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