# Argentine wheat production is hampered by lack of rainfall - DatamarNews

> Argentina's Ministry of Agroindustry expects wheat output to fall by 500,000 tons to 19 million due to dryness in key producing areas, with the harvest 2.4% below the 2017/18 crop. Separately, Argentine soybean crushing hit a record 3.93 million tons in October.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/55875-argentine-wheat-production-is-hampered-by-lack-of-rainfall-datamarnews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller Argentine wheat crop tightens exportable supplies slightly, supporting wheat prices, while record crushing supports soymeal and soyoil output.

## Read by commodity

- SBM: neutral
- SBO: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-24 | [Wheat prices rose because of lower production forecast for Argentina](https://feedsoft.ai/events/10435-wheat-prices-rose-because-of-lower-production-forecast-for-argentina.md) | +6.7% | +11.0% |
| WHEAT | 2024-02-16 | [Strategie Grains has lowered its forecast for EU wheat production](https://feedsoft.ai/events/31601-strategie-grains-has-lowered-its-forecast-for-eu-wheat-production.md) | +1.0% | -4.6% |
| WHEAT | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +5.9% | +0.6% |
| WHEAT | 2023-07-28 | [Australia forecasts 34% decline in wheat production](https://feedsoft.ai/events/35012-australia-forecasts-34-decline-in-wheat-production.md) | -0.1% | -2.1% |
| WHEAT | 2024-03-25 | [France lowers 2024-25 wheat production outlook \| Latest Market News](https://feedsoft.ai/events/31149-france-lowers-2024-25-wheat-production-outlook-latest-market-news.md) | -0.6% | +1.9% |
| SBM | 2019-01-14 | [In flooded Argentine field, ducks swim where soy should sprout](https://feedsoft.ai/events/60935-in-flooded-argentine-field-ducks-swim-where-soy-should-sprout.md) | +1.5% | -1.8% |
| SBM | 2020-02-20 | [Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans — MercoPress](https://feedsoft.ai/events/54442-despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53-1.md) | -0.6% | +3.8% |
| SBM | 2018-07-19 | [The price of canola growing in the background of a possible reduction of the crop in Europe](https://feedsoft.ai/events/64132-the-price-of-canola-growing-in-the-background-of-a-possible-reduction-of-the.md) | +0.5% | +0.4% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentine-wheat-production-is-hampered-by-lack-of-rainfall/

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