# Argentina soy belt drought awakens ghost of 2018 production 'disaster'

> A drought in Argentina's soy belt has revived fears of a repeat of the 2018 production disaster. The current forecast for 2021/22 soy is 40.5 million tonnes, already cut sharply in January.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14050-argentina-soy-belt-drought-awakens-ghost-of-2018-production-disaster
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Argentine soy output tightens supplies of beans, meal and oil from the world's top meal and oil exporter, supporting world soy prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +2.2% | -1.2% |
| SOY | 2018-02-16 | [Biggest Commodity Winner of 2018 Rallies on Argentina's Drought - Bloomberg](https://feedsoft.ai/events/10003-biggest-commodity-winner-of-2018-rallies-on-argentina-s-drought-bloomberg.md) | +1.2% | +2.5% |
| SOY | 2023-02-17 | [Another cut expected for Argentina soy production \| World Grain](https://feedsoft.ai/events/13982-another-cut-expected-for-argentina-soy-production-world-grain.md) | +0.2% | -3.3% |
| SOY | 2018-08-31 | [Drought devastates Argentina’s oilseed crop \| 2018-08-31  \| World Grain](https://feedsoft.ai/events/63375-drought-devastates-argentina-s-oilseed-crop-2018-08-31-world-grain.md) | +1.5% | +3.2% |
| SOY | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| SBM | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +3.5% | -2.5% |
| SBM | 2018-02-16 | [Biggest Commodity Winner of 2018 Rallies on Argentina's Drought - Bloomberg](https://feedsoft.ai/events/10003-biggest-commodity-winner-of-2018-rallies-on-argentina-s-drought-bloomberg.md) | +0.5% | -0.2% |
| SBM | 2023-02-17 | [Another cut expected for Argentina soy production \| World Grain](https://feedsoft.ai/events/13982-another-cut-expected-for-argentina-soy-production-world-grain.md) | +0.0% | -3.7% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/argentina-farm-belt-drought-awakens-ghost-2018-soybean-disaster-2022-02-10/

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