# Dry weather expected to keep pressuring Argentine soy, corn yields - Markets - Business Recorder

> Argentina is suffering a rainfall deficit, with forecasts pointing to insufficient moisture for soybean and corn fields. The Rosario exchange estimates a 48 million tonne corn crop and a 50 million tonne soybean crop, both at risk from dryness.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/48999-dry-weather-expected-to-keep-pressuring-argentine-soy-corn-yields-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentina is a major corn exporter and the world's top soymeal exporter, so yield losses tighten global feed supply and support corn, soybean and meal prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-01-05 | 5 | +8.4% | 2.9 | Argentine rainfall deficit threatens corn and soy yields, adding a supply risk premium on Jan 5. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-17 | [Drier US weather to once again test corn, soy health, yields - Markets - Business Recorder](https://feedsoft.ai/events/45916-drier-us-weather-to-once-again-test-corn-soy-health-yields-markets-business.md) | -1.1% | +0.0% |
| CORN | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.3% | -8.5% |
| CORN | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -4.0% | -5.1% |
| CORN | 2025-01-07 | [Chicago corn pulls back from 6-month peak, Argentina dryness caps losses - Markets - Business Recorder](https://feedsoft.ai/events/11502-chicago-corn-pulls-back-from-6-month-peak-argentina-dryness-caps-losses-markets.md) | +3.1% | +4.4% |
| CORN | 2021-03-23 | [CBOT corn climbs on delayed planting in Brazil - Markets - Business Recorder](https://feedsoft.ai/events/5673-cbot-corn-climbs-on-delayed-planting-in-brazil-markets-business-recorder.md) | -0.5% | +3.5% |
| SOY | 2021-07-17 | [Drier US weather to once again test corn, soy health, yields - Markets - Business Recorder](https://feedsoft.ai/events/45916-drier-us-weather-to-once-again-test-corn-soy-health-yields-markets-business.md) | -3.7% | -2.1% |
| SOY | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.6% | -7.3% |
| SOY | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.8% | -6.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40047842

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