# Argentina's Buenos Aires Grain Exchange may cut soybean production 11/01 Update MySheen

> The Buenos Aires Grain Exchange said dry weather in parts of Argentina may reduce this season's soybean planting area below its earlier forecast of 19 million hectares, an all-time high. The exchange said it would likely keep its forecast in its November 11 report but could revise acreage down if the drought over the next 15 days does not ease. Dryness in La Pampa, Cordoba, Santa Fe and Buenos Aires is worse than previously expected.

- Date: 2026-11-01 · published 2026-11-01T06:13:28.388Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/4436-argentina-s-buenos-aires-grain-exchange-may-cut-soybean-production-11-01-update
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Argentine soybean area would tighten export supplies of soybeans, soybean meal and soybean oil, which supports prices for feed buyers. The price effect depends on whether rainfall improves over the coming weeks.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +0.4% | +2.3% |
| SOY | 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) | +0.2% | -3.3% |
| SOY | 2023-07-04 | [Drought slashes 2022/2023 soybean production by 51.5% \| Buenos Aires Times](https://feedsoft.ai/events/13960-drought-slashes-2022-2023-soybean-production-by-51-5-buenos-aires-times.md) | -2.7% | -7.4% |
| 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% |
| SOY | 2017-02-09 | [EarthView–Argentina Flooding Has Major Impact on Soybean Production \| U.S. Geological Survey](https://feedsoft.ai/events/72336-earthview-argentina-flooding-has-major-impact-on-soybean-production-u-s.md) | +0.2% | -5.5% |
| SBM | 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) | -0.6% | +0.5% |
| 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 | 2023-07-04 | [Drought slashes 2022/2023 soybean production by 51.5% \| Buenos Aires Times](https://feedsoft.ai/events/13960-drought-slashes-2022-2023-soybean-production-by-51-5-buenos-aires-times.md) | +0.6% | +8.5% |

## Sources

- mysheen.com: https://www.mysheen.com/a876339

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