# Argentine drought, having cut corn, wheat crop hopes, takes aim at soybeans too - Grain Price News

> Dry conditions that already cut Argentina's wheat and early corn crops are now slowing soybean planting. The Buenos Aires grains exchange reported soybean planting only 19.4% complete, versus 39.3% a year earlier and a five-year average of 40.2%. Analysts are asking whether farmers will cut soybean area for 2022/23.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13998-argentine-drought-having-cut-corn-wheat-crop-hopes-takes-aim-at-soybeans-too
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A slow planting pace and possible acreage cuts raise concern about Argentina's soybean and meal output, which is a major export supply for feed markets. This supports soybean and soybean meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +8.2% | +3.7% |
| SOY | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -3.0% | -2.4% |
| SOY | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +1.0% | +11.8% |
| SOY | 2018-02-28 | [Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth — MercoPress](https://feedsoft.ai/events/66345-prolonged-drought-wrecking-soybean-and-corn-crops-threatens-argentina-s-growth.md) | +2.6% | -1.8% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |
| SBM | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +7.2% | +2.3% |
| SBM | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -4.7% | -3.3% |
| SBM | 2018-02-28 | [Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth — MercoPress](https://feedsoft.ai/events/66345-prolonged-drought-wrecking-soybean-and-corn-crops-threatens-argentina-s-growth.md) | -0.5% | -3.6% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/25/argentine-drought-having-cut-corn-wheat-crop-hopes-takes-aim-at-soybeans-too/

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