# La Nina Lowers Argentina's Yields

> DTN reports that the strong La Niña event, with a three-month ONI of minus 1.2 for September through November 2020, is historically linked to below-trend Argentine corn and soybean yields. Corn and soybeans had rallied to multiyear highs over the winter on fears of lower South American output.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/48535-la-nina-lowers-argentina-s-yields
- 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

Historical La Niña yield losses in Argentina support the supply-risk premium in soybeans, corn and meal, so buyers face firm prices if dryness materializes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-02-08 | [Soggy fields in Argentina](https://feedsoft.ai/events/72335-soggy-fields-in-argentina.md) | +0.2% | -3.0% |
| SOY | 2017-11-14 | [La Nina - Dryness stops fieldwork in Argentina](https://feedsoft.ai/events/67811-la-nina-dryness-stops-fieldwork-in-argentina.md) | +2.8% | +1.3% |
| SOY | 2018-01-24 | [Strengthening La Nina May Stress Argentina Crops](https://feedsoft.ai/events/66925-strengthening-la-nina-may-stress-argentina-crops.md) | +1.4% | +4.9% |
| SOY | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +0.3% | +0.8% |
| SOY | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +1.5% | +2.2% |
| CORN | 2017-11-14 | [La Nina - Dryness stops fieldwork in Argentina](https://feedsoft.ai/events/67811-la-nina-dryness-stops-fieldwork-in-argentina.md) | +0.2% | +3.1% |
| CORN | 2018-01-24 | [Strengthening La Nina May Stress Argentina Crops](https://feedsoft.ai/events/66925-strengthening-la-nina-may-stress-argentina-crops.md) | +1.0% | +1.6% |
| CORN | 2024-12-04 | [La Nina could thwart Argentina's run at bumper crops  \| Reuters](https://feedsoft.ai/events/13888-la-nina-could-thwart-argentina-s-run-at-bumper-crops-reuters.md) | +4.5% | +7.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/02/01/la-nina-lowers-argentinas-yields

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