# Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry

> Drought has left over a third of early-planted soybeans in Argentina's core farm belt in regular to poor condition, according to the Rosario grains exchange. Hot, dry weather was forecast to continue into early December, and the exchange forecasts 2022/23 soybean output of about 48 million tonnes.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry
- 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)

## Why it matters

Drought damage to Argentine soybeans tightens expected supply from the world's leading meal and oil exporter, supporting soybean meal and oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-21 | [Drought drives down Argentina’s soybean outlook \| World Grain](https://feedsoft.ai/events/13958-drought-drives-down-argentina-s-soybean-outlook-world-grain.md) | +2.5% | -10.6% |
| SOY | 2025-01-08 | [Argentina's soy belt may be in for an alarmingly dry January](https://feedsoft.ai/events/13882-argentina-s-soy-belt-may-be-in-for-an-alarmingly-dry-january.md) | +5.1% | +6.5% |
| SOY | 2021-12-14 | [Argentina exchange says dry summer poses 'big challenge' for soybeans, corn](https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn.md) | +3.9% | +10.7% |
| 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 | 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% |
| SBM | 2023-07-21 | [Drought drives down Argentina’s soybean outlook \| World Grain](https://feedsoft.ai/events/13958-drought-drives-down-argentina-s-soybean-outlook-world-grain.md) | +4.5% | -7.2% |
| SBM | 2025-01-08 | [Argentina's soy belt may be in for an alarmingly dry January](https://feedsoft.ai/events/13882-argentina-s-soy-belt-may-be-in-for-an-alarmingly-dry-january.md) | +0.9% | +4.7% |
| SBM | 2021-12-14 | [Argentina exchange says dry summer poses 'big challenge' for soybeans, corn](https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn.md) | +0.5% | +11.7% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry

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