# Argentine Farmers Plant More Soybeans to Fight Drought, Fertilizer Costs

> Argentine farmers are planning to expand soybean plantings to about 17 million hectares from 16.3 million, the first increase since 2015. They are switching from corn because fertilizer costs rose sharply after Russia's invasion of Ukraine and corn is the bigger drought risk.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14009-argentine-farmers-plant-more-soybeans-to-fight-drought-fertilizer-costs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A shift from corn to soybeans raises future soybean meal and oil supply from the largest meal exporter while reducing corn planting, a bearish soy outlook and a supportive one for corn.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-26 | [Corn, soybean drought footprint continues to dwindle - Pro Farmer](https://feedsoft.ai/events/13077-corn-soybean-drought-footprint-continues-to-dwindle-pro-farmer.md) | +2.5% | -2.0% |
| SOY | 2024-05-30 | [Corn, soybean drought footprint almost gone - Pro Farmer](https://feedsoft.ai/events/13181-corn-soybean-drought-footprint-almost-gone-pro-farmer.md) | -3.0% | -5.1% |
| SOY | 2025-07-31 | [Corn and Soybean Drought Conditions improve - Pro Farmer](https://feedsoft.ai/events/13070-corn-and-soybean-drought-conditions-improve-pro-farmer.md) | -0.6% | +6.1% |
| SOY | 2023-01-19 | [Soybeans, corn slide on forecasts for much-needed Argentine rains \| Financial Post](https://feedsoft.ai/events/10660-soybeans-corn-slide-on-forecasts-for-much-needed-argentine-rains-financial-post.md) | -1.4% | +0.1% |
| SOY | 2026-04-30 | [Rains in the southern U.S. lead to mild drought improvement - Pro Farmer](https://feedsoft.ai/events/13001-rains-in-the-southern-u-s-lead-to-mild-drought-improvement-pro-farmer.md) | -0.3% | +1.0% |
| SBM | 2024-05-30 | [Corn, soybean drought footprint almost gone - Pro Farmer](https://feedsoft.ai/events/13181-corn-soybean-drought-footprint-almost-gone-pro-farmer.md) | -3.0% | -3.6% |
| SBM | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -2.6% | -5.8% |
| SBM | 2018-11-21 | [Brazilian farmers in Mato Grosso satisfied with the soybean planting progress — MercoPress](https://feedsoft.ai/events/61883-brazilian-farmers-in-mato-grosso-satisfied-with-the-soybean-planting-progress.md) | +0.3% | +0.2% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/argentine-farmers-plant-more-soybeans-to-fight-drought-fertilizer-costs/

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