# Argentina’s soybean acreage estimates lowered | World Grain

> USDA's FAS cut its estimate of Argentina's 2021-22 soybean planting to 17 million hectares and production to 49.7 million tonnes. Export taxes of 33% on soybeans and 12% on corn and wheat have pushed farmers toward corn and winter grains.

- Date: 2021-10-15 · published 2021-10-15T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Argentine soybean crop tightens meal and oil supply, while more corn planting adds to feed grain supply and weighs on corn prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-30 | [Argentina’s soybean production estimates lower in 2017-18 \| World-grain.com \| June 30, 2017 12:42 \| World Grain](https://feedsoft.ai/events/70323-argentina-s-soybean-production-estimates-lower-in-2017-18-world-grain-com-june.md) | +8.8% | +9.3% |
| SOY | 2023-09-14 | [WASDE: Soybean Estimates Have Been Lowered](https://feedsoft.ai/events/34179-wasde-soybean-estimates-have-been-lowered.md) | -1.2% | -6.2% |
| SOY | 2023-02-03 | [Argentina soybean output projected to plummet \| World Grain](https://feedsoft.ai/events/13985-argentina-soybean-output-projected-to-plummet-world-grain.md) | -1.0% | -0.2% |
| SOY | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +3.4% | +0.5% |
| SOY | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | +0.1% | +1.8% |
| SBM | 2017-06-30 | [Argentina’s soybean production estimates lower in 2017-18 \| World-grain.com \| June 30, 2017 12:42 \| World Grain](https://feedsoft.ai/events/70323-argentina-s-soybean-production-estimates-lower-in-2017-18-world-grain-com-june.md) | +11.6% | +9.0% |
| SBM | 2023-02-03 | [Argentina soybean output projected to plummet \| World Grain](https://feedsoft.ai/events/13985-argentina-soybean-output-projected-to-plummet-world-grain.md) | +0.3% | -1.2% |
| SBM | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +4.1% | +0.5% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/15979-argentinas-soybean-acreage-estimates-lowered

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