# Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters

> Argentina starts the season with a significant moisture deficit because La Nina is persisting for a third consecutive season. Crop condition ratings for soybeans and corn are poor, and forecasts call for dry, warm weather through mid-January.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Continued dryness threatens Argentine soybean and corn output, which are major exports of meal, oil and grain, so the risk supports prices for these commodities.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: 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 | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +0.3% | +0.8% |
| SOY | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | -1.7% | +5.6% |
| SOY | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | +0.8% | -1.5% |
| SOY | 2022-01-06 | [Heatwave to hit Argentina, further stressing corn, soybean crops \| Reuters](https://feedsoft.ai/events/14062-heatwave-to-hit-argentina-further-stressing-corn-soybean-crops-reuters.md) | +0.5% | +11.6% |
| CORN | 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) | -1.1% | +3.5% |
| CORN | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +4.5% | +7.4% |
| CORN | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | +0.1% | +7.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentinas-soy-corn-may-hinge-la-ninas-exit-after-dry-2022-2023-01-04/

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