# Argentina’s soybean production estimates lower in 2017-18 | World-grain.com | June 30, 2017 12:42 | World Grain

> The USDA Foreign Agricultural Service estimates Argentina's 2017-18 soybean production at 54 million tonnes, with acreage up 100,000 hectares to 19.3 million but yields falling to 2.8 tonnes per hectare from 2.96. Argentina's soybean export tax will be cut by 0.5 percentage points monthly starting January 2018, and farmers are reportedly holding supplies in silo bags to wait for lower taxes.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/70323-argentina-s-soybean-production-estimates-lower-in-2017-18-world-grain-com-june
- 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 smaller crop estimate combined with farmer hoarding ahead of the export tax cut tightens near-term export availability of soybeans, meal and oil, which supports world soy product prices. The gradual tax reduction may later release stored supply and cap rallies.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SOY | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +3.4% | +0.5% |
| SOY | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | +0.1% | +1.8% |
| SOY | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -1.2% | +0.7% |
| SOY | 2025-12-10 | [Argentina soybean exports to rise despite lower production \| Feed & Grain](https://feedsoft.ai/events/13818-argentina-soybean-exports-to-rise-despite-lower-production-feed-and-grain.md) | -2.3% | -3.7% |
| SBM | 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) | +1.6% | +6.0% |
| SBM | 2021-01-07 | [Argentina’s soybean production slips \| 2021-01-07  \| World Grain](https://feedsoft.ai/events/48997-argentina-s-soybean-production-slips-2021-01-07-world-grain.md) | +4.1% | +0.5% |
| SBM | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | -3.0% | -1.7% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/8337-argentina-s-soybean-production-estimates-lower-in-2017-18

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