# Argentine soybean harvest estimate cut to 41 mln tonnes

> Argentina's 2022/23 soybean harvest estimate was cut to 41 million tonnes from 48 million, after drought hit growing areas. The Rosario exchange sharply reduced its forecasts, and wheat harvest ended at 12.4 million tonnes, well below the previous season.

- Date: 2023-01-16 · published 2023-01-16T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13989-argentine-soybean-harvest-estimate-cut-to-41-mln-tonnes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large downgrade to Argentina's soybean crop cuts supply of soybeans, meal and oil from the world's leading processed-oilseed exporter, which supports prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-01-31 | [Argentina's Soybean Harvest Forecast for 2025/26: 48M Tons](https://feedsoft.ai/events/13816-argentina-s-soybean-harvest-forecast-for-2025-26-48m-tons.md) | +4.8% | +8.1% |
| SOY | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -2.3% | -8.1% |
| SOY | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -2.9% | +2.2% |
| SOY | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | +0.4% | +2.3% |
| SOY | 2025-05-15 | [Argentina's soy farmers race ahead with harvest to beat the rains](https://feedsoft.ai/events/13856-argentina-s-soy-farmers-race-ahead-with-harvest-to-beat-the-rains.md) | -0.4% | -2.3% |
| SBM | 2026-01-31 | [Argentina's Soybean Harvest Forecast for 2025/26: 48M Tons](https://feedsoft.ai/events/13816-argentina-s-soybean-harvest-forecast-for-2025-26-48m-tons.md) | +2.7% | +9.0% |
| SBM | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -0.8% | -7.1% |
| SBM | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -3.5% | -0.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentine-soybean-harvest-estimate-cut-to-41-mln-tonnes/

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