# Unusually dry February renews risk to Argentina’s soybeans and corn

> February 2021 is on pace to be Argentina's second-driest February in more than three decades, with rainfall expected at about half of normal. Crop conditions remain stable, but the next substantial rain is nearly two weeks away.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/48459-unusually-dry-february-renews-risk-to-argentina-s-soybeans-and-corn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry weather during yield-formation stages raises the risk of smaller Argentine soybean and corn crops, which could tighten export supplies and support prices if the dryness persists.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2021-12-14 | [Argentina exchange says dry summer poses 'big challenge' for soybeans, corn](https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn.md) | +3.9% | +10.7% |
| SOY | 2018-02-21 | [Argentina soybean losses could lead to new U.S. bean meal demand - Brownfield Ag News](https://feedsoft.ai/events/66586-argentina-soybean-losses-could-lead-to-new-u-s-bean-meal-demand-brownfield-ag.md) | +1.1% | +0.2% |
| SOY | 2017-01-17 | [Heavy rainfall in Argentina supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/11025-heavy-rainfall-in-argentina-supports-soybeans-corn-brownfield-ag-news.md) | +1.5% | +1.1% |
| SOY | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | +0.0% | +6.5% |
| CORN | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | +2.7% | +3.0% |
| CORN | 2021-12-14 | [Argentina exchange says dry summer poses 'big challenge' for soybeans, corn](https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn.md) | -3.7% | +1.9% |
| CORN | 2017-01-17 | [Heavy rainfall in Argentina supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/11025-heavy-rainfall-in-argentina-supports-soybeans-corn-brownfield-ag-news.md) | +2.6% | +3.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/unusually-dry-february-renews-risk-to-argentinas-soybeans-and-corn/

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