# Argentina Crops Being Impacted by Drought Conditions - ProAg

> Dry weather has affected about one-fifth of Argentina's grain-growing area, according to meteorologist Eduardo Sierra. He cut his 2019/20 wheat forecast to 17 million tonnes from 20 million and his corn outlook to 40 million tonnes, while soy was trimmed to 50 million tonnes.

- Date: 2019-10-01 · published 2019-10-01T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/56410-argentina-crops-being-impacted-by-drought-conditions-proag
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Smaller Argentine wheat and corn crops tighten exportable supplies from a major exporter, which supports prices for those grains. Soybean hedging by growers adds some offsetting pressure on soy.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-09-30 | [Dryness impacting Argentine crops \| 2019-09-30  \| World Grain](https://feedsoft.ai/events/56912-dryness-impacting-argentine-crops-2019-09-30-world-grain.md) | +0.6% | -1.3% |
| WHEAT | 2018-02-08 | [U.S. Crop Conditions Fall as Drought Conditions Worsen - U.S. Wheat Associates](https://feedsoft.ai/events/66541-u-s-crop-conditions-fall-as-drought-conditions-worsen-u-s-wheat-associates.md) | -0.5% | +1.3% |
| WHEAT | 2026-10-01 | [How this summer’s heat and drought impacted crops in Europe – in six charts](https://feedsoft.ai/events/17430-how-this-summer-s-heat-and-drought-impacted-crops-in-europe-in-six-charts.md) | -2.9% | +0.5% |
| WHEAT | 2022-02-17 | [Dry Conditions Continue Affecting Global Wheat Production](https://feedsoft.ai/events/42757-dry-conditions-continue-affecting-global-wheat-production.md) | +3.9% | +12.4% |
| CORN | 2022-01-13 | [Argentina drought scorches crops as 'pivotal' rains approach](https://feedsoft.ai/events/14059-argentina-drought-scorches-crops-as-pivotal-rains-approach.md) | -1.3% | +5.3% |
| CORN | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | +1.0% | +5.4% |
| CORN | 2020-06-30 | [Hot, dry conditions could impact crops - Hub City Radio](https://feedsoft.ai/events/52457-hot-dry-conditions-could-impact-crops-hub-city-radio.md) | +3.3% | -1.5% |

## Sources

- proag.com: https://www.proag.com/news/argentina-crops-being-impacted-by-drought-conditions/

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