# Argentinian soybean output forecast cut significantly on February drought: BCR

> The Rosario Grains Exchange (BCR) cut its Argentine 2020-21 soybean output forecast by 4 million tonnes to 45 million tonnes, citing February drought in the Pampean region. The soybean yield estimate fell to 27.5 quintals per hectare, and second-crop beans were hit hardest.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/47973-argentinian-soybean-output-forecast-cut-significantly-on-february-drought-bcr
- 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

A sharp cut in Argentina's crop, the world's top exporter of soymeal and soyoil, tightens global supply and tends to lift soybean complex prices. Analysts expect the shortfall to boost Brazilian and US export demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-23 | [No Significant Relief Forecast for Argentina, Southern Brazil](https://feedsoft.ai/events/13755-no-significant-relief-forecast-for-argentina-southern-brazil.md) | -0.1% | +6.4% |
| SOY | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| 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 | 2022-04-14 | [Frost destroys 0.5 mil mt of Argentinian soybeans: BCR](https://feedsoft.ai/events/14038-frost-destroys-0-5-mil-mt-of-argentinian-soybeans-bcr.md) | +4.3% | -0.9% |
| SOY | 2023-07-21 | [Drought drives down Argentina’s soybean outlook \| World Grain](https://feedsoft.ai/events/13958-drought-drives-down-argentina-s-soybean-outlook-world-grain.md) | +2.5% | -10.6% |
| SBM | 2021-12-23 | [No Significant Relief Forecast for Argentina, Southern Brazil](https://feedsoft.ai/events/13755-no-significant-relief-forecast-for-argentina-southern-brazil.md) | +2.1% | +2.0% |
| SBM | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | -2.3% | -2.7% |
| 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% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/031121-argentinian-soybean-output-forecast-cut-significantly-on-feb-drought-bcr

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