# Argentina exchange says dry summer poses 'big challenge' for soybeans, corn

> The Buenos Aires Grain Exchange warned that a developing La Niña will bring below-normal rainfall to Argentina's summer, posing a big challenge for soybean and corn crops. It expects a record corn harvest of 57 million tonnes and soybean output of 44 million tonnes, with corn sowing 39.5% complete and soybeans 56.1%.

- Date: 2021-12-14 · published 2021-12-14T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected drought in the central Pampas could cut Argentine soybean and corn supplies, which are major export volumes for meal, oil and corn buyers, supporting prices. The record harvest forecast partly offsets that risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | +0.4% | +2.3% |
| SOY | 2021-02-23 | [Unusually dry February renews risk to Argentina’s soybeans and corn](https://feedsoft.ai/events/48459-unusually-dry-february-renews-risk-to-argentina-s-soybeans-and-corn.md) | +0.6% | +2.4% |
| SOY | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | +4.0% | +6.3% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |
| SOY | 2022-12-30 | [Soybeans set to gain for 4th year amid Argentina drought, China demand \| Financial Post](https://feedsoft.ai/events/38279-soybeans-set-to-gain-for-4th-year-amid-argentina-drought-china-demand-financial.md) | -0.5% | +1.8% |
| CORN | 2025-03-21 | [Argentina Grains Exchange Cuts Soybean Forecast by a Million Tons](https://feedsoft.ai/events/13870-argentina-grains-exchange-cuts-soybean-forecast-by-a-million-tons.md) | -4.7% | +0.6% |
| CORN | 2021-02-23 | [Unusually dry February renews risk to Argentina’s soybeans and corn](https://feedsoft.ai/events/48459-unusually-dry-february-renews-risk-to-argentina-s-soybeans-and-corn.md) | -0.5% | +5.5% |
| CORN | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | -1.9% | +2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentina-exchange-says-weather-outlook-big-challenge-soybeans-corn-2021-12-14/?taid=61b9105f4bd3090001f0ec76

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