# Argentina record soybean sales clouded by a worsening outlook for 2022/23 wheat crop | Food Business Middle East &am ...

> A USDA FAS report says Argentina's soybean sales hit a record 13.7m tonnes in September, driven by a special exchange rate, and the agency raised its MY2021/22 export forecast to 5.5m tonnes. Meanwhile the Rosario exchange cut its 2022/23 wheat harvest forecast to 15m tonnes, the worst in seven years.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14005-argentina-record-soybean-sales-clouded-by-a-worsening-outlook-for-2022-23-wheat
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.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

Higher Argentine soy export forecasts add supply to global soy meal and oil markets, while a smaller wheat crop tightens wheat supply and supports prices.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-02 | [Recent rainfall aids Argentina’s soybean crop \| World Grain](https://feedsoft.ai/events/13802-recent-rainfall-aids-argentina-s-soybean-crop-world-grain.md) | +2.4% | +0.2% |
| SOY | 2020-08-11 | [CBOT soybeans end near unchanged ahead of US crop report - Markets - Business Recorder](https://feedsoft.ai/events/10683-cbot-soybeans-end-near-unchanged-ahead-of-us-crop-report-markets-business.md) | +4.1% | +11.0% |
| SOY | 2025-04-26 | [Argentina’s Soybean Outlook Stabilizes Amid Drought Recovery; Sunflower Gains Ground \| Bricsgrain](https://feedsoft.ai/events/13865-argentina-s-soybean-outlook-stabilizes-amid-drought-recovery-sunflower-gains.md) | -0.1% | +1.0% |
| SOY | 2026-09-11 | [September WASDE 2026: Corn, Wheat & Soybean Outlook \| Prospex*Agro](https://feedsoft.ai/events/17405-september-wasde-2026-corn-wheat-and-soybean-outlook-prospex-agro.md) | +0.3% | -2.2% |
| SOY | 2017-04-18 | [Mixed data signals but plenty of grain, soybeans going forward \| Food Business News \| April 18, 2017 16:01](https://feedsoft.ai/events/71449-mixed-data-signals-but-plenty-of-grain-soybeans-going-forward-food-business.md) | +0.8% | +1.3% |
| SBM | 2026-08-27 | [Record Soybean Crop Forecast Meets Firm Demand Outlook \| CZ app](https://feedsoft.ai/events/10973-record-soybean-crop-forecast-meets-firm-demand-outlook-cz-app.md) | +3.4% | +12.0% |
| SBM | 2026-03-02 | [Recent rainfall aids Argentina’s soybean crop \| World Grain](https://feedsoft.ai/events/13802-recent-rainfall-aids-argentina-s-soybean-crop-world-grain.md) | -0.1% | +1.0% |
| SBM | 2020-08-11 | [CBOT soybeans end near unchanged ahead of US crop report - Markets - Business Recorder](https://feedsoft.ai/events/10683-cbot-soybeans-end-near-unchanged-ahead-of-us-crop-report-markets-business.md) | +5.7% | +8.9% |

## Sources

- foodbusinessmea.com: https://www.foodbusinessmea.com/argentina-record-soybean-sales-clouded-by-a-worsening-outlook-for-2022-23-wheat-crop/

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