# Argentine Soy Production Collapses; What Now? | CZ app

> CZ analysis says Argentina's soybean crop is collapsing, with USDA cutting its forecast to 33 million tonnes and private estimates near 25 million, down from 51 million earlier. Brazil's large crop is expected to offset the shortfall.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/36944-argentine-soy-production-collapses-what-now-cz-app
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A roughly halved Argentine crop removes a major supplier of soymeal and soy oil, tightening global protein meal supplies and supporting meal prices into the second half of the year.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | -2.8% | -4.4% |
| 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% |
| SBM | 2017-05-08 | [Argentina flooding impacts soybean production - NASA Science](https://feedsoft.ai/events/70864-argentina-flooding-impacts-soybean-production-nasa-science.md) | -0.8% | -3.7% |
| 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 | 2022-02-10 | [Argentina soy belt drought awakens ghost of 2018 production 'disaster'](https://feedsoft.ai/events/14050-argentina-soy-belt-drought-awakens-ghost-of-2018-production-disaster.md) | -2.7% | +6.8% |
| SBO | 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) | +0.9% | -6.3% |
| SBO | 2016-04-21 | [Argentina floods cause soy crop losses, force evacuations \| AP News](https://feedsoft.ai/events/8547-argentina-floods-cause-soy-crop-losses-force-evacuations-ap-news.md) | -2.9% | -6.3% |
| SBO | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -4.8% | -5.4% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/argentine-soy-production-collapses-what-now/

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