# In flooded Argentine field, ducks swim where soy should sprout

> Flooding in Argentina's Buenos Aires province has damaged fields in Norberto de la Riastra, following a drought that cut last season's soy output to 37 million tonnes from about 55 million expected. Forecasts for a nationwide 50-54 million tonne harvest are holding steady.

- Date: 2019-01-14 · published 2019-01-14T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/60935-in-flooded-argentine-field-ducks-swim-where-soy-should-sprout
- 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 top soymeal and soyoil exporter, so the recovery prospects shape world meal and oil supply; steady crop forecasts limit upside pressure on soy complex prices.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-16 | [Argentine soybean losses likely priced in - Brownfield Ag News](https://feedsoft.ai/events/10382-argentine-soybean-losses-likely-priced-in-brownfield-ag-news.md) | -1.1% | +1.3% |
| SOY | 2024-01-23 | [Argentina’s soy crush hit 19-year low in 2023 - Buenos Aires Herald](https://feedsoft.ai/events/13941-argentina-s-soy-crush-hit-19-year-low-in-2023-buenos-aires-herald.md) | -2.5% | -3.7% |
| SOY | 2017-04-25 | [First-crop harvest nearly complete in Brazil, progressing in Argentina thanks to dry weather](https://feedsoft.ai/events/71351-first-crop-harvest-nearly-complete-in-brazil-progressing-in-argentina-thanks-to.md) | -0.2% | -0.5% |
| 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 | 2024-05-31 | [Severe weather keeps Midwest farmers out of the field](https://feedsoft.ai/events/13187-severe-weather-keeps-midwest-farmers-out-of-the-field.md) | -0.8% | -4.9% |
| SBM | 2019-11-25 | [Argentine wheat production is hampered by lack of rainfall - DatamarNews](https://feedsoft.ai/events/55875-argentine-wheat-production-is-hampered-by-lack-of-rainfall-datamarnews.md) | -2.6% | +0.8% |
| SBM | 2023-11-21 | [Soybeans, corn, wheat close in positive territory - Brownfield Ag News](https://feedsoft.ai/events/12253-soybeans-corn-wheat-close-in-positive-territory-brownfield-ag-news.md) | -1.9% | -11.1% |
| 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

- reuters.com: https://www.reuters.com/article/us-argentina-soybeans-weather/in-flooded-argentine-field-ducks-swim-where-soy-should-sprout-idUSKCN1P8170/

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