# Dry conditions in Argentina cut crop’s size | The Western Producer

> Argentina's Rosario Grains Exchange cut its 2022-23 wheat crop forecast to 18.5 million tonnes from 19 million and lowered planted area to 15.3 million acres, the lowest in 12 years. Dry La Nina conditions and reduced planting are behind the cuts.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14028-dry-conditions-in-argentina-cut-crop-s-size-the-western-producer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller Argentine wheat crop reduces exportable supply at a time of tight global wheat stocks, supporting world wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-26 | [‘It’s crop insurance territory’ \| The Western Producer](https://feedsoft.ai/events/34993-it-s-crop-insurance-territory-the-western-producer.md) | -0.6% | -3.2% |
| WHEAT | 2021-09-02 | [Exports to drop as crop shrinks \| The Western Producer](https://feedsoft.ai/events/45047-exports-to-drop-as-crop-shrinks-the-western-producer.md) | +1.3% | +1.1% |
| WHEAT | 2023-06-21 | [Dry weather conditions in early summer worsen crop prospects in the EU](https://feedsoft.ai/events/35430-dry-weather-conditions-in-early-summer-worsen-crop-prospects-in-the-eu.md) | +9.4% | +0.6% |
| WHEAT | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | +6.5% | -1.1% |
| WHEAT | 2019-10-01 | [Argentina Crops Being Impacted by Drought Conditions - ProAg](https://feedsoft.ai/events/56410-argentina-crops-being-impacted-by-drought-conditions-proag.md) | -4.8% | -2.4% |

## Sources

- producer.com: https://www.producer.com/news/dry-conditions-in-argentina-cut-crops-size/

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