# USDA slashes Argentina corn, soybean production forecasts | Agri-Pulse Communications, Inc.

> USDA cut its 2022-23 Argentine corn production forecast 15% to 40 million metric tons because of continued heat and dryness. The agency also raised its U.S. soybean export forecast to 58.2 million tons and lowered U.S. ending stocks to about 210 million bushels. A separate FAS analysis said Argentina's corn exports are forecast at 29 million tons, the lowest since 2017-18.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/36819-usda-slashes-argentina-corn-soybean-production-forecasts-agri-pulse
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Argentine crop tightens global corn supply and pushes importers such as Peru, Malaysia and Egypt toward other origins, supporting corn prices. Higher U.S. soybean exports with lower stocks also support soybean values.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | -0.8% | +3.8% |
| CORN | 2023-12-12 | [Brazil Cuts Its Soybean and Corn Production Projections for 2024 - farmdoc daily](https://feedsoft.ai/events/13604-brazil-cuts-its-soybean-and-corn-production-projections-for-2024-farmdoc-daily.md) | +1.9% | +0.1% |
| CORN | 2026-03-25 | [Return of El Niño expected, but impacts not likely until fall \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/20086-return-of-el-nino-expected-but-impacts-not-likely-until-fall-agri-pulse.md) | -1.0% | -1.2% |
| CORN | 2025-08-22 | [What are the prospects for grain production in Argentina?](https://feedsoft.ai/events/13838-what-are-the-prospects-for-grain-production-in-argentina.md) | -0.6% | +7.6% |
| SOY | 2021-01-06 | [Cargill exec: Soybean prices rising amid ‘rationing’ \| 2021-01-06  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11545-cargill-exec-soybean-prices-rising-amid-rationing-2021-01-06-agri-pulse.md) | +5.3% | +1.6% |
| SOY | 2017-05-08 | [Argentina flooding impacts soybean production - NASA Science](https://feedsoft.ai/events/70864-argentina-flooding-impacts-soybean-production-nasa-science.md) | -0.9% | -4.3% |
| 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% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/19023-usda-slashes-argentina-corn-soybean-production-forecasts

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