# Economy challenge 2023: farm exports may be reduced by up to US$14.1 billion due to the drought - Buenos Aires Herald

> Buenos Aires Stock Exchange projections estimate that drought could cut Argentine grain export income by US$9.2 billion to US$14.1 billion. Soybean and corn crops are expected to fall below 40 million tons each, and no significant rain is expected soon.

- Date: 2023-01-12 · published 2023-01-12T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13990-economy-challenge-2023-farm-exports-may-be-reduced-by-up-to-us-14-1-billion-due
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Argentine soybean and corn export volumes reduce supply to world markets, which supports prices for these grains and their products.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-09 | [Forecast: agricultural exports down US$13 billion from 2022 due to drought - Buenos Aires Herald](https://feedsoft.ai/events/13983-forecast-agricultural-exports-down-us-13-billion-from-2022-due-to-drought.md) | +0.4% | +0.0% |
| SOY | 2023-07-04 | [Drought slashes 2022/2023 soybean production by 51.5% \| Buenos Aires Times](https://feedsoft.ai/events/13960-drought-slashes-2022-2023-soybean-production-by-51-5-buenos-aires-times.md) | -2.7% | -7.4% |
| SOY | 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) | +3.9% | +4.5% |
| SOY | 2024-12-09 | [Panamaxes move away from Brazil-China grain run due to limited exports caused by drought](https://feedsoft.ai/events/16979-panamaxes-move-away-from-brazil-china-grain-run-due-to-limited-exports-caused.md) | -0.6% | -0.2% |
| SOY | 2023-11-16 | [Argentina’s Drought-Hit Soy Woes Add to Next President Economic Challenges - Bloomberg](https://feedsoft.ai/events/13946-argentina-s-drought-hit-soy-woes-add-to-next-president-economic-challenges.md) | -2.1% | -5.1% |
| CORN | 2023-02-09 | [Forecast: agricultural exports down US$13 billion from 2022 due to drought - Buenos Aires Herald](https://feedsoft.ai/events/13983-forecast-agricultural-exports-down-us-13-billion-from-2022-due-to-drought.md) | -1.3% | -5.2% |
| 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 | 2024-10-11 | [Ukraine grain exports to fall by more than 10 million tonnes due to smaller crop, official says - Grainews](https://feedsoft.ai/events/14262-ukraine-grain-exports-to-fall-by-more-than-10-million-tonnes-due-to-smaller.md) | -1.8% | +0.9% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/economy-challenge-2023-farm-exports-may-be-reduced-by-up-to-14-billion-due-to-the-drought

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