# Argentine drought hits farmers hard, undermining economy | AP News

> Buenos Aires Grains Exchange estimates put the drought's hit to this year's grain exports at up to $3.4 billion. The article says the wider damage to related industries could be larger.

- Date: 2018-04-03 · published 2018-04-03T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/65362-argentine-drought-hits-farmers-hard-undermining-economy-ap-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Argentine soybean and corn output reduces global export supply and supports prices for both crops. Argentina's shortfall increases reliance on imports, which lifts demand for U.S. product.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.6% | -2.2% |
| SOY | 2018-06-01 | [How drought will impact Argentina's economy, banks, insurers - BNamericas](https://feedsoft.ai/events/64371-how-drought-will-impact-argentina-s-economy-banks-insurers-bnamericas.md) | -4.3% | -15.4% |
| SOY | 2023-01-21 | [Argentine government, farm exporters seek relief from historic drought](https://feedsoft.ai/events/13987-argentine-government-farm-exporters-seek-relief-from-historic-drought.md) | +0.2% | +1.4% |
| SOY | 2025-02-03 | [‘It won’t come back’: Argentina farmers battle drought and a shrinking harvest \| Reuters](https://feedsoft.ai/events/13878-it-won-t-come-back-argentina-farmers-battle-drought-and-a-shrinking-harvest.md) | +0.7% | -4.2% |
| SOY | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | +0.0% | +6.5% |
| CORN | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | -0.4% | -4.9% |
| CORN | 2019-11-27 | [Falling numbers hit wheat farmers hard \| AP News](https://feedsoft.ai/events/56112-falling-numbers-hit-wheat-farmers-hard-ap-news.md) | +0.8% | +2.4% |
| CORN | 2018-06-01 | [How drought will impact Argentina's economy, banks, insurers - BNamericas](https://feedsoft.ai/events/64371-how-drought-will-impact-argentina-s-economy-banks-insurers-bnamericas.md) | -2.6% | -8.6% |

## Sources

- apnews.com: https://apnews.com/general-news-2cfdc2d757a1499ab47d2dca8e3b0aa8

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