# Winter drought rolls into third La Niña for Argentina - Grain Central

> Argentina is facing a third consecutive La Niña pattern after one of its worst winter droughts in three decades. Soil moisture is very poor, and much of the farming zone faces its worst drought in about 30 years, with wheat farmers abandoning crops.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Drought losses to wheat and the risk to the 2022-23 summer crops of corn and soybeans reduce expected Argentine exports, supporting global grain and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: 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 | 2018-10-10 | [Eastern drought pushes Australian winter crop forecast lower - Grain Central](https://feedsoft.ai/events/62503-eastern-drought-pushes-australian-winter-crop-forecast-lower-grain-central.md) | +8.2% | +4.5% |
| WHEAT | 2019-12-10 | [Ag production falls for third year in row: ABARES - Grain Central](https://feedsoft.ai/events/55533-ag-production-falls-for-third-year-in-row-abares-grain-central.md) | +2.5% | +3.5% |
| WHEAT | 2019-02-20 | [Asian millers turn to Argentina for wheat as drought hits Australian output - CTRM Center](https://feedsoft.ai/events/60643-asian-millers-turn-to-argentina-for-wheat-as-drought-hits-australian-output.md) | -3.5% | +0.0% |
| WHEAT | 2020-09-29 | [More rain required to lock in winter-crop potential - Grain Central](https://feedsoft.ai/events/51041-more-rain-required-to-lock-in-winter-crop-potential-grain-central.md) | +2.2% | +4.7% |
| CORN | 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% | +4.0% |
| CORN | 2024-10-22 | [Drought opens “rain hunting” in Central-West](https://feedsoft.ai/events/13539-drought-opens-rain-hunting-in-central-west.md) | -0.0% | +2.2% |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/winter-drought-rolls-into-third-la-nina-for-argentina/

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