# No Change in La Nina Drought Grip

> La Nina continues to drive drought in central Argentina and the U.S. Southern Plains. Private and public estimates put Argentina's 2018 soybean crop at 40 to 45 million tonnes, roughly one-third below early January projections, with corn also declining.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/65844-no-change-in-la-nina-drought-grip
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A sharply smaller Argentine soybean crop tightens global soybean and meal supplies, supporting prices for soybeans, soymeal and soyoil.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -3.4% | -5.2% |
| SOY | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -2.0% | -2.8% |
| SOY | 2021-12-03 | [La Nina Is Set to Deliver Drought to Argentina’s Soybean Crop - AgriBusiness Global](https://feedsoft.ai/events/14064-la-nina-is-set-to-deliver-drought-to-argentina-s-soybean-crop-agribusiness.md) | +1.6% | +6.8% |
| SOY | 2023-03-08 | [Drought affects crops in Rio Grande do Sul](https://feedsoft.ai/events/13658-drought-affects-crops-in-rio-grande-do-sul.md) | -1.7% | -0.5% |
| SOY | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +1.0% | +11.8% |
| SBM | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -1.6% | -4.7% |
| SBM | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -1.6% | +3.2% |
| SBM | 2021-12-03 | [La Nina Is Set to Deliver Drought to Argentina’s Soybean Crop - AgriBusiness Global](https://feedsoft.ai/events/14064-la-nina-is-set-to-deliver-drought-to-argentina-s-soybean-crop-agribusiness.md) | +2.4% | +13.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/south-america-calling/blog-post/2018/03/07/change-la-nina-drought-grip-2

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