
Argentina's 2026/27 soybean planting reached 2.3% of the projected 17 million hectares, with fieldwork hindered by cold weather in Córdoba and Buenos Aires and excess water in Entre Ríos. Corn planting reached 47.3% of its projected area, and sunflower planting reached 58.7%.
Reported crop condition was fair to good, and fall armyworm pressure was detected in parts of the NEA and Litoral.
Weather-driven planting delays raise some risk to Argentine soybean yields and supply timing, which could give modest support to soybean and meal prices. Corn and sunflower progress is more advanced, limiting that effect.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.