# Argentina's grain sector is set to recover in the coming years - DatamarNews

> Argentina's Agriculture Secretariat forecasts a 2018/19 grain harvest of 140 million tonnes, up 25 percent, with soybeans at 54.2 million tonnes and corn at 49.68 million tonnes. The country is recovering from its worst drought in 60 years and hopes to win Chinese access for soymeal exports. Argentina imported US soybeans for the first time in 20 years this year.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/61890-argentina-s-grain-sector-is-set-to-recover-in-the-coming-years-datamarnews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large Argentine harvest and expected record soybean exports to China add supply to world oilseed and corn markets, pressuring prices, while the trade war keeps China's soymeal sourcing in flux.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-26 | [Argentine corn sowings to fall for first time in 9 years, as farmers switch to soy - Grain Price News](https://feedsoft.ai/events/14041-argentine-corn-sowings-to-fall-for-first-time-in-9-years-as-farmers-switch-to.md) | -1.7% | -1.0% |
| SOY | 2020-01-06 | [Argentina agribusiness bounces back in 2019 - DatamarNews](https://feedsoft.ai/events/54930-argentina-agribusiness-bounces-back-in-2019-datamarnews.md) | +0.5% | -5.7% |
| SOY | 2017-08-15 | [The bears are back in town… - Grain Central](https://feedsoft.ai/events/69417-the-bears-are-back-in-town-grain-central.md) | +0.8% | +2.0% |
| SOY | 2018-05-31 | [Argentina’s soybean production to rebound \| World-grain.com \| May 31, 2018 13:53 \| World Grain](https://feedsoft.ai/events/64864-argentina-s-soybean-production-to-rebound-world-grain-com-may-31-2018-13-53.md) | -2.8% | -15.2% |
| SOY | 2024-01-15 | [Bumper soybean crop expected in Argentina \| World Grain](https://feedsoft.ai/events/13942-bumper-soybean-crop-expected-in-argentina-world-grain.md) | +1.5% | -1.1% |
| SBM | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -0.8% | +3.2% |
| SBM | 2018-05-31 | [Argentina’s soybean production to rebound \| World-grain.com \| May 31, 2018 13:53 \| World Grain](https://feedsoft.ai/events/64864-argentina-s-soybean-production-to-rebound-world-grain-com-may-31-2018-13-53.md) | -3.2% | -11.4% |
| SBM | 2024-01-15 | [Bumper soybean crop expected in Argentina \| World Grain](https://feedsoft.ai/events/13942-bumper-soybean-crop-expected-in-argentina-world-grain.md) | +1.1% | -1.2% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentinas-grain-sector-is-set-to-recover-in-the-coming-years/

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