# Argentina exchange sees 2022/23 soy imports up 139% due to drought - DatamarNews

> Argentina's Rosario grains exchange projects 2022/23 soybean imports of 7.9 million tonnes, up 139% from the prior season, after drought cut the harvest to 27 million tonnes from 42.2 million. Argentine crushers are operating at record low capacity, and corn export value remained high despite lower volumes.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/36892-argentina-exchange-sees-2022-23-soy-imports-up-139-due-to-drought-datamarnews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentina's crush collapse and reliance on imports reduce its meal and oil exports, tightening availability and supporting soymeal prices for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-07-18 | [Brazil to surpass Argentina in global soybean meal exports in 2023 - DatamarNews](https://feedsoft.ai/events/35116-brazil-to-surpass-argentina-in-global-soybean-meal-exports-in-2023-datamarnews.md) | +2.6% | +5.3% |
| SBM | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | -0.0% | +6.9% |
| SBM | 2020-03-16 | [AgRural reduces soybean forecast for 19/20 crop due to drought in Rio Grande do Sul - DatamarNews](https://feedsoft.ai/events/53980-agrural-reduces-soybean-forecast-for-19-20-crop-due-to-drought-in-rio-grande-do.md) | +9.9% | -2.5% |
| SBM | 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) | +10.1% | +12.6% |
| SBM | 2023-04-04 | [Argentina to lose soy meal export crown to Brazil as drought bites \| Financial Post](https://feedsoft.ai/events/36484-argentina-to-lose-soy-meal-export-crown-to-brazil-as-drought-bites-financial.md) | -1.4% | -6.7% |
| SBO | 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) | -5.8% | -8.4% |
| SBO | 2023-04-24 | [Argentina Soybean Crop Smallest in 25 Years Due to Historic Drought - AgWeb](https://feedsoft.ai/events/13969-argentina-soybean-crop-smallest-in-25-years-due-to-historic-drought-agweb.md) | -1.4% | -12.4% |
| SBO | 2021-11-29 | [La Nina Is Set to Deliver Drought to Argentina’s Soybean Crop - Bloomberg](https://feedsoft.ai/events/14070-la-nina-is-set-to-deliver-drought-to-argentina-s-soybean-crop-bloomberg.md) | -2.7% | -2.3% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentina-exchange-sees-2022-23-soy-imports-up-139-due-to-drought/

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