# Agriculture woes will have wider impact in Argentina

> A briefing projects Argentina's wheat production to fall by over 40% in the 2022/23 season because of drought and late frosts. It also expects lower soybean and maize output to weigh on economic activity, export earnings and export tax revenue.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13994-agriculture-woes-will-have-wider-impact-in-argentina
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A sharp Argentine wheat shortfall removes a major export supply, supporting wheat prices and feeding through to feed-grain substitution costs.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-27 | [La Niña to Impact Global Agriculture for 3rd Straight Winter \| Feed & Grain](https://feedsoft.ai/events/39500-la-nina-to-impact-global-agriculture-for-3rd-straight-winter-feed-and-grain.md) | +1.8% | -10.0% |
| WHEAT | 2023-05-10 | [Argentina's agriculture to recover slowly despite El Niño -grains exchange](https://feedsoft.ai/events/13967-argentina-s-agriculture-to-recover-slowly-despite-el-nino-grains-exchange.md) | -0.6% | -7.3% |
| WHEAT | 2022-06-09 | [La Niña Is Forecast to Impact Global Agriculture for a Third Year in a Row](https://feedsoft.ai/events/40859-la-nina-is-forecast-to-impact-global-agriculture-for-a-third-year-in-a-row.md) | +1.2% | -8.1% |
| WHEAT | 2019-06-25 | [High Soil Moisture Will Temper Impact of Europe’s Heat Wave](https://feedsoft.ai/events/58534-high-soil-moisture-will-temper-impact-of-europe-s-heat-wave.md) | -8.4% | -12.7% |
| WHEAT | 2023-09-15 | [El Nino farming stress will have wide economic impacts](https://feedsoft.ai/events/34000-el-nino-farming-stress-will-have-wide-economic-impacts.md) | +0.1% | -1.6% |
| KWHEAT | 2024-08-23 | [Low falling numbers could have a big impact on wheat market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28814-low-falling-numbers-could-have-a-big-impact-on-wheat-market-agweek-1-source-for.md) | +3.1% | +6.6% |
| KWHEAT | 2022-06-17 | [Dryness in Argentina, France adds to world wheat headaches - Grain Price News](https://feedsoft.ai/events/40877-dryness-in-argentina-france-adds-to-world-wheat-headaches-grain-price-news.md) | -13.6% | -23.9% |
| KWHEAT | 2021-08-26 | [Agriculture and Agri-Food Canada (finally) acknowledges heat, drought have slashed its wheat and canola crops - Pro Farmer](https://feedsoft.ai/events/45542-agriculture-and-agri-food-canada-finally-acknowledges-heat-drought-have-slashed.md) | -1.0% | +2.6% |

## Sources

- doi.org: https://doi.org/10.1108/oxan-db274425

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