# "An unforgettable year for soybeans in Argentina", yields and harvested area at its lowest — MercoPress

> The Buenos Aires Grains Exchange estimates Argentina's 2017/18 soybean crop at 36 million tonnes, 37.4% below the prior year, with yields at 2.14 t/ha. Harvested area is seen at 16.8 million hectares, the lowest since 2008/09 after drought and then floods.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/64372-an-unforgettable-year-for-soybeans-in-argentina-yields-and-harvested-area-at
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A crop cut of this size removes a large share of global soybean and meal export supply, supporting prices for soybeans and soymeal used in feed.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-04 | [Argentina’s soybean sales level is the lowest in the last 6 years](https://feedsoft.ai/events/13920-argentina-s-soybean-sales-level-is-the-lowest-in-the-last-6-years.md) | +0.3% | -1.6% |
| SOY | 2017-03-01 | [Argentina: Corn Areas Forecast Has Been Increased; Soybean Areas Forecast Has Been Decreased](https://feedsoft.ai/events/71851-argentina-corn-areas-forecast-has-been-increased-soybean-areas-forecast-has.md) | -1.0% | -5.2% |
| SOY | 2022-09-12 | [USDA Lowers Corn and Soybean Yields](https://feedsoft.ai/events/39551-usda-lowers-corn-and-soybean-yields.md) | -2.7% | -8.2% |
| SOY | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +1.9% | +0.2% |
| SOY | 2021-10-15 | [Argentina’s soybean acreage estimates lowered \| World Grain](https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain.md) | +1.5% | +0.5% |
| SBM | 2024-06-04 | [Argentina’s soybean sales level is the lowest in the last 6 years](https://feedsoft.ai/events/13920-argentina-s-soybean-sales-level-is-the-lowest-in-the-last-6-years.md) | +1.8% | +0.7% |
| SBM | 2022-09-12 | [USDA Lowers Corn and Soybean Yields](https://feedsoft.ai/events/39551-usda-lowers-corn-and-soybean-yields.md) | -1.5% | -6.1% |
| SBM | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +4.1% | +5.8% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/06/29/an-unforgettable-year-for-soybeans-in-argentina-yields-and-harvested-area-at-its-lowest

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