# Argentine farm heartland set for more high temperatures, limited rain - Manitoba Co-operator

> The Buenos Aires grains exchange warned of high temperatures and limited rain in Argentina's central farming region, ahead of expected cuts to soybean and corn estimates. The Rosario exchange had already cut its 2020-21 soybean estimate to 45 million tonnes. The exchange forecasts 46 million tonnes each for soybeans and corn.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/47977-argentine-farm-heartland-set-for-more-high-temperatures-limited-rain-manitoba
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Continued heat and dryness in the core growing area threaten further yield losses for soybeans and corn, adding to supply concerns. Argentina is a major exporter of both crops, so the dryness supports prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |
| SOY | 2017-08-14 | [The rain dilemma for U.S. corn, soybeans - Manitoba Co-operator](https://feedsoft.ai/events/69305-the-rain-dilemma-for-u-s-corn-soybeans-manitoba-co-operator.md) | +0.2% | +2.1% |
| SOY | 2019-05-14 | [U.S. grains: Corn, soy rally as slow planting pace ignites short-covering - Manitoba Co-operator](https://feedsoft.ai/events/6665-u-s-grains-corn-soy-rally-as-slow-planting-pace-ignites-short-covering-manitoba.md) | +5.2% | +8.6% |
| SOY | 2022-11-18 | [Irregular rains and high temperatures cause concern for rural producers - Revista Cultivar](https://feedsoft.ai/events/13689-irregular-rains-and-high-temperatures-cause-concern-for-rural-producers-revista.md) | +1.4% | +4.4% |
| SOY | 2022-04-25 | [Corn, soybean planting in Illinois delayed by cold temperatures and rain](https://feedsoft.ai/events/13373-corn-soybean-planting-in-illinois-delayed-by-cold-temperatures-and-rain.md) | -0.5% | -0.6% |
| CORN | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +0.8% | +1.3% |
| CORN | 2017-08-14 | [The rain dilemma for U.S. corn, soybeans - Manitoba Co-operator](https://feedsoft.ai/events/69305-the-rain-dilemma-for-u-s-corn-soybeans-manitoba-co-operator.md) | -2.0% | -4.4% |
| CORN | 2019-03-01 | [Rain makes for tough Argentina crop season \| Farmtario](https://feedsoft.ai/events/59943-rain-makes-for-tough-argentina-crop-season-farmtario.md) | -1.6% | +1.4% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/argentine-farm-heartland-set-for-more-high-temperatures-limited-rain/

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