# Dryness in Argentina hits corn and wheat outlook; election haze supports safe-bet soy – HubTrades.com – Global Trading Hub

> Dryness has affected about one-fifth of Argentina's Pampas growing area, according to Eduardo Sierra. He cut his wheat forecast to 17 million tonnes from 20 million, corn to 40 million tonnes, and soy to 50 million, and growers are shifting into soybeans ahead of the October 27 presidential vote.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/56916-dryness-in-argentina-hits-corn-and-wheat-outlook-election-haze-supports-safe
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower wheat and corn output and a shift toward soybean planting tighten coarse grain supplies and support corn and wheat prices, while safe-haven soy buying supports soybean values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | +0.1% | +7.0% |
| CORN | 2026-01-29 | [Heat wave hits Argentina, threatening corn and soybean crops](https://feedsoft.ai/events/13817-heat-wave-hits-argentina-threatening-corn-and-soybean-crops.md) | -0.3% | -0.1% |
| CORN | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | -1.9% | +2.9% |
| CORN | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -7.7% | -2.2% |
| CORN | 2017-01-17 | [Heavy rainfall in Argentina supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/11025-heavy-rainfall-in-argentina-supports-soybeans-corn-brownfield-ag-news.md) | +2.6% | +3.6% |
| WHEAT | 2022-06-16 | [Internal woes blunt Argentina’s wheat export clout amid tight global supplies - Fastmarkets](https://feedsoft.ai/events/14031-internal-woes-blunt-argentina-s-wheat-export-clout-amid-tight-global-supplies.md) | -2.3% | -13.8% |
| WHEAT | 2022-11-14 | [Argentina exchange cuts wheat outlook again, rains spell hope for soy](https://feedsoft.ai/events/13999-argentina-exchange-cuts-wheat-outlook-again-rains-spell-hope-for-soy.md) | +0.8% | +0.0% |
| WHEAT | 2021-03-29 | [Outlook Dims for Global Spring Wheat Production](https://feedsoft.ai/events/48188-outlook-dims-for-global-spring-wheat-production.md) | -0.5% | +4.2% |

## Sources

- hubtrades.com: https://www.hubtrades.com/dryness-in-argentina-hits-corn-and-wheat-outlook-election-haze-supports-safe-bet-soy/

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