# La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News

> USDA's Buenos Aires office cut its Argentine wheat forecast to 18.5 million tonnes, citing very dry weather and more than 70 days without rain. It also warned that 2022-23 corn yields will be below trend because La Niña is having a significant effect.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Argentine wheat and corn exports tighten global feed grain supplies and support prices, especially for importers that rely on Argentine origin.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | -0.4% | -10.1% |
| CORN | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.9% | +6.0% |
| CORN | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | -1.3% | -0.7% |
| CORN | 2022-08-31 | [World faces 'triple dip' La Nina, UN says - stoking ag market worries - Grain Price News](https://feedsoft.ai/events/39963-world-faces-triple-dip-la-nina-un-says-stoking-ag-market-worries-grain-price.md) | -2.0% | -3.7% |
| WHEAT | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -0.2% | -10.7% |
| WHEAT | 2022-06-17 | [Dryness in Argentina, France adds to world wheat headaches - Grain Price News](https://feedsoft.ai/events/40877-dryness-in-argentina-france-adds-to-world-wheat-headaches-grain-price-news.md) | -3.4% | -14.3% |
| WHEAT | 2022-05-23 | [Hope erodes for EU wheat yields, as 'pronounced rain deficit' saps crops - Grain Price News](https://feedsoft.ai/events/41355-hope-erodes-for-eu-wheat-yields-as-pronounced-rain-deficit-saps-crops-grain.md) | -2.2% | -3.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/07/26/la-nina-having-significant-effect-on-argentine-corn-wheat-hopes/

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