Argentina is experiencing its worst climatic conditions in modern agriculture history, leading to significant losses in soybean production. The latest estimate predicts a loss of 45% of the expected production, making the 2022/23 cycle the worst harvest in the last 15 years. The country also set a new record with 2.6 million hectares of soybeans remaining unharvested due to drought. The most affected provinces are Ríos and Santa Fe, with Santa Fe expected to see a decrease in production by 5.8 million tons. Overall, the country is looking at a national yield of 20.3 qq/ha, marking a decrease of 36% in production from the previous year.