# Third straight drought is upending key Argentine planting season | Buenos Aires Times

> A third straight drought in Argentina has shriveled wheat and delayed soybean and corn planting on the Pampas, with many farms too dry to plant. The government needs to restrict wheat shipments to protect domestic flour supplies, and rain on October 25 largely missed key areas.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/14004-third-straight-drought-is-upending-key-argentine-planting-season-buenos-aires
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentina is the top supplier of soymeal and soyoil, so drought-driven planting delays and crop losses tighten global supplies and support soy complex 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 | 2021-12-14 | [Argentina bourse doubles down on drought risk for soy, corn \| Buenos Aires Times](https://feedsoft.ai/events/14066-argentina-bourse-doubles-down-on-drought-risk-for-soy-corn-buenos-aires-times.md) | +3.9% | +10.7% |
| SOY | 2018-02-26 | [Ongoing drought could slash one percentage point off GDP growth \| Buenos Aires Times](https://feedsoft.ai/events/66343-ongoing-drought-could-slash-one-percentage-point-off-gdp-growth-buenos-aires.md) | +2.4% | -0.8% |
| 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 | 2021-04-08 | [Drought conditions top of mind as farmers ease into the planting season - Brownfield Ag News](https://feedsoft.ai/events/47441-drought-conditions-top-of-mind-as-farmers-ease-into-the-planting-season.md) | +0.1% | +12.3% |
| SOY | 2023-03-15 | [Argentine soy processing in crisis as drought threatens harvest -industry group](https://feedsoft.ai/events/13976-argentine-soy-processing-in-crisis-as-drought-threatens-harvest-industry-group.md) | -2.2% | +0.3% |
| CORN | 2021-12-14 | [Argentina bourse doubles down on drought risk for soy, corn \| Buenos Aires Times](https://feedsoft.ai/events/14066-argentina-bourse-doubles-down-on-drought-risk-for-soy-corn-buenos-aires-times.md) | -3.7% | +1.9% |
| CORN | 2018-02-26 | [Ongoing drought could slash one percentage point off GDP growth \| Buenos Aires Times](https://feedsoft.ai/events/66343-ongoing-drought-could-slash-one-percentage-point-off-gdp-growth-buenos-aires.md) | +1.8% | +3.2% |
| CORN | 2021-04-08 | [Drought conditions top of mind as farmers ease into the planting season - Brownfield Ag News](https://feedsoft.ai/events/47441-drought-conditions-top-of-mind-as-farmers-ease-into-the-planting-season.md) | +3.6% | +25.3% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/third-straight-drought-is-upending-key-planting-season-in-argentina.phtml

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