# Argentina farmers may miss out on grains rally stoked by Ukraine crisis | National Post

> A severe drought and export caps are limiting Argentine farmers' ability to benefit from higher wheat and soy prices caused by the Ukraine conflict. Argentina's 2021/22 wheat crop was 22.1 million tonnes, with 15.5 million already sold and under 1 million tonnes left for export. US wheat and corn futures rose by their daily limits, and soybeans reached their highest level since 2012.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14052-argentina-farmers-may-miss-out-on-grains-rally-stoked-by-ukraine-crisis
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentina's limited wheat and soy availability removes a supply source at a time when Black Sea disruption is already tightening world grain markets, keeping prices firm.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -2.8% | -2.7% |
| WHEAT | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +0.2% | +1.3% |
| WHEAT | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | +9.6% | +16.2% |
| WHEAT | 2022-06-29 | [With world short of wheat, Argentina farmers worry about crop \| Reuters](https://feedsoft.ai/events/14026-with-world-short-of-wheat-argentina-farmers-worry-about-crop-reuters.md) | -8.7% | -16.2% |
| WHEAT | 2020-07-20 | [Grain Market Update 21st July - Irish Farmers' Association](https://feedsoft.ai/events/6207-grain-market-update-21st-july-irish-farmers-association.md) | +0.7% | -1.8% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2017-12-18 | [Argentina’s farmers sweating out dryness \| World-grain.com \| December 18, 2017 14:10 \| World Grain](https://feedsoft.ai/events/67322-argentina-s-farmers-sweating-out-dryness-world-grain-com-december-18-2017-14-10.md) | -1.8% | +0.2% |
| SOY | 2017-01-18 | [U.S. grains: Soy up for fourth session on Argentina crop concerns \| Farmtario](https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario.md) | -1.0% | -2.3% |

## Sources

- nationalpost.com: https://nationalpost.com/pmn/news-pmn/disaster-pmn/argentina-farmers-may-miss-out-on-grains-rally-stoked-by-ukraine-crisis

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