# Argentina drought bakes crops, sparks grain price rally

> Argentina is experiencing its worst drought in decades, shrivelling farm fields. Grain prices have surged as a result, and major crushers including Bunge are expected to crush fewer oilseeds.

- Date: 2018-03-05 · published 2018-03-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [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

Reduced crush in Argentina cuts meal output, a key feed ingredient, tightening global soymeal supplies and lifting feed input costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-13 | [Argentina drought scorches crops as 'pivotal' rains approach](https://feedsoft.ai/events/14059-argentina-drought-scorches-crops-as-pivotal-rains-approach.md) | -1.3% | +5.3% |
| CORN | 2019-10-01 | [Argentina Crops Being Impacted by Drought Conditions - ProAg](https://feedsoft.ai/events/56410-argentina-crops-being-impacted-by-drought-conditions-proag.md) | +1.5% | -0.6% |
| CORN | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -0.8% | +2.2% |
| CORN | 2019-03-01 | [Rain makes for tough Argentina crop season \| Farmtario](https://feedsoft.ai/events/59943-rain-makes-for-tough-argentina-crop-season-farmtario.md) | -1.6% | +1.4% |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| SOY | 2022-01-13 | [Argentina drought scorches crops as 'pivotal' rains approach](https://feedsoft.ai/events/14059-argentina-drought-scorches-crops-as-pivotal-rains-approach.md) | +2.5% | +13.2% |
| SOY | 2022-11-25 | [Argentine drought, having cut corn, wheat crop hopes, takes aim at soybeans too - Grain Price News](https://feedsoft.ai/events/13998-argentine-drought-having-cut-corn-wheat-crop-hopes-takes-aim-at-soybeans-too.md) | -0.4% | +2.2% |
| SOY | 2018-08-31 | [Drought devastates Argentina’s oilseed crop \| 2018-08-31  \| World Grain](https://feedsoft.ai/events/63375-drought-devastates-argentina-s-oilseed-crop-2018-08-31-world-grain.md) | +1.5% | +3.2% |

## Sources

- reuters.com: https://www.reuters.com/article/argentina-grains-drought/argentina-drought-bakes-crops-sparks-grain-price-rally-idUSL2N1QK1TT/
- reuters.com: https://www.reuters.com/article/uk-argentina-grains-drought/argentina-drought-bakes-crops-sparks-grain-price-rally-idUKKBN1GH0LU/

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