# Crop Windfall Slips Away in Blow to Argentina’s New Leader - Bloomberg

> Drought has damaged Argentina's wheat and barley crop on the Pampas, with yields expected to fall sharply. Most remaining crop has already been sold forward by farmers, limiting the benefit of the new government's planned export tax increase.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/55422-crop-windfall-slips-away-in-blow-to-argentina-s-new-leader-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Argentine wheat and barley supplies reduce export availability into the new-year period, supporting world wheat and barley prices and shifting demand toward other origins.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -0.2% | -10.7% |
| WHEAT | 2022-06-16 | [Dry conditions in Argentina cut crop’s size \| The Western Producer](https://feedsoft.ai/events/14028-dry-conditions-in-argentina-cut-crop-s-size-the-western-producer.md) | -2.3% | -13.8% |
| WHEAT | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | +0.4% | -9.0% |
| WHEAT | 2017-05-01 | [Wheat Futures Surge After U.S. Crop Pummeled by Snowstorm - Bloomberg](https://feedsoft.ai/events/6135-wheat-futures-surge-after-u-s-crop-pummeled-by-snowstorm-bloomberg.md) | +2.3% | +1.5% |
| WHEAT | 2024-05-20 | [Kansas Wheat Tour Shows Crop Set to Rescue Market Plagued by Russia Shortfall - Bloomberg](https://feedsoft.ai/events/4591-kansas-wheat-tour-shows-crop-set-to-rescue-market-plagued-by-russia-shortfall.md) | +19.7% | +8.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-12-09/crop-windfall-slips-away-in-early-blow-to-argentina-s-new-leader

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