# Argentine soy scorched beyond return, season 'dead': experts

> Argentine soybean crops have been badly damaged by drought, with experts saying the season is effectively lost. Argentine soybean exports face a 28.5 percent tax, so the drought also threatens government revenue as President Mauricio Macri seeks re-election next year while cutting the budget deficit.

- Date: 2018-03-12 · published 2018-03-12T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/65846-argentine-soy-scorched-beyond-return-season-dead-experts
- 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

Argentina is a major soymeal and soyoil exporter, so a sharply smaller crop tightens global soybean product supplies and supports prices for soybean meal and oil used in feed. The export tax losses could also pressure Argentine policy, adding uncertainty.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-05 | [Dry weather expected to keep pressuring Argentine soy, corn yields - Markets - Business Recorder](https://feedsoft.ai/events/48999-dry-weather-expected-to-keep-pressuring-argentine-soy-corn-yields-markets.md) | +4.4% | +2.9% |
| SOY | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | +0.8% | -1.5% |
| SOY | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +1.5% | +2.2% |
| SOY | 2025-04-11 | [Argentina soy, once parched, now has too much rain \| Reuters](https://feedsoft.ai/events/13863-argentina-soy-once-parched-now-has-too-much-rain-reuters.md) | +0.7% | +1.5% |
| SOY | 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) | +4.0% | +6.3% |
| SBM | 2021-01-05 | [Dry weather expected to keep pressuring Argentine soy, corn yields - Markets - Business Recorder](https://feedsoft.ai/events/48999-dry-weather-expected-to-keep-pressuring-argentine-soy-corn-yields-markets.md) | +5.3% | +2.5% |
| SBM | 2021-08-24 | [La Nina seen hurting Argentine corn/soy crops, export logistics](https://feedsoft.ai/events/45422-la-nina-seen-hurting-argentine-corn-soy-crops-export-logistics.md) | +0.1% | -1.3% |
| SBM | 2023-01-04 | [Argentina's soy, corn may hinge on La Nina's exit after dry 2022 \| Reuters](https://feedsoft.ai/events/13988-argentina-s-soy-corn-may-hinge-on-la-nina-s-exit-after-dry-2022-reuters.md) | +4.1% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-soybeans-weather/argentine-soy-scorched-beyond-return-season-dead-experts-idUSKCN1GO2I0/

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