# Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans — MercoPress

> Heavy rain of 150 to 300 millimeters fell on parts of Argentina's Chaco province on Feb. 14-15, flooding fields and cutting off roads. Analysts said the losses are marginal for national output, and the Buenos Aires Grains Exchange still expects 53.1 million tons of soybeans in the 2019/20 season.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54442-despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53-1
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Localized flood damage in a small share of Argentina's soy and corn area is unlikely to reduce total exports, so supply concerns from this story are limited and mostly bearish for soy prices.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-04-06 | [Brazil: Rains at the end of March collaborated with the soybean crop in Rio Grande do Sul](https://feedsoft.ai/events/13657-brazil-rains-at-the-end-of-march-collaborated-with-the-soybean-crop-in-rio.md) | -0.7% | -4.1% |
| SOY | 2025-12-29 | [Good rainfall in Brazil and dry weather in Argentina will be the main factors influencing prices in the coming weeks](https://feedsoft.ai/events/13823-good-rainfall-in-brazil-and-dry-weather-in-argentina-will-be-the-main-factors.md) | -1.1% | +0.8% |
| SOY | 2019-05-30 | [Expert indicates how to minimize climate effects on soybeans and corn - Revista Cultivar](https://feedsoft.ai/events/58928-expert-indicates-how-to-minimize-climate-effects-on-soybeans-and-corn-revista.md) | -0.3% | +2.6% |
| SOY | 2024-09-26 | [Argentine exchange forecasts soybean harvest at 52 mln tons](https://feedsoft.ai/events/13902-argentine-exchange-forecasts-soybean-harvest-at-52-mln-tons.md) | +0.3% | -5.3% |
| SOY | 2023-02-17 | [High Yield with Less Rainfall: Corn and Soybean in Illinois in 2022 - farmdoc](https://feedsoft.ai/events/13296-high-yield-with-less-rainfall-corn-and-soybean-in-illinois-in-2022-farmdoc.md) | +0.2% | -3.3% |
| SBM | 2026-07-30 | [Soybean Prices Decline on Forecasted Midwest Rains Despite Strong Export Demand \| Tridge Insights](https://feedsoft.ai/events/18363-soybean-prices-decline-on-forecasted-midwest-rains-despite-strong-export-demand.md) | -1.3% | +4.9% |
| SBM | 2021-11-24 | [Beneficial rains for Argentina’s soyabeans do not cancel La Nina risks - Markets - Business Recorder](https://feedsoft.ai/events/14072-beneficial-rains-for-argentina-s-soyabeans-do-not-cancel-la-nina-risks-markets.md) | -1.9% | +9.3% |
| SBM | 2026-03-11 | [Argentina's Soybean Outlook Hinges on BCR vs. USDA Divergence—February Rains Buy Time, But the Skies Remain the Final Arbiter](https://feedsoft.ai/events/13803-argentina-s-soybean-outlook-hinges-on-bcr-vs-usda-divergence-february-rains-buy.md) | -0.8% | -0.4% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/02/20/despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53.1-million-tons-of-soybeans

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