# Argentina Floods Spark Biggest Bet On Soybean Rally In Two Years | ESM Magazine

> Flooding in Argentina destroyed a record 1.6 million hectares of soybean plantings, with heavy rain over 25 days hitting the harvest. Soybean prices entered a bull market and hedge funds raised their bullish bets to the highest since April 2014.

- Date: 2016-05-10 · published 2016-05-10T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/6520-argentina-floods-spark-biggest-bet-on-soybean-rally-in-two-years-esm-magazine
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Major crop losses in the third-largest soybean exporter reduce global export availability and support soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-04-21 | [Soybeans Enter Bull Market After Floods Damage Argentina's Crop \| Investor's Business Daily](https://feedsoft.ai/events/7718-soybeans-enter-bull-market-after-floods-damage-argentina-s-crop-investor-s.md) | +0.9% | +6.5% |
| SOY | 2020-11-06 | [Dry Brazil, Demand Set Soybeans On Track For Biggest Weekly Gain Since August \| ESM Magazine](https://feedsoft.ai/events/12424-dry-brazil-demand-set-soybeans-on-track-for-biggest-weekly-gain-since-august.md) | +3.2% | +5.6% |
| SOY | 2017-04-06 | [Argentina's floods head toward soybean areas \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/71347-argentina-s-floods-head-toward-soybean-areas-agrifish-post-online-media.md) | +0.4% | +2.2% |
| SOY | 2025-05-23 | [Heavy Rains Cause Major Flooding in Key Argentine Soybean Region](https://feedsoft.ai/events/13860-heavy-rains-cause-major-flooding-in-key-argentine-soybean-region.md) | -2.4% | -0.8% |
| SOY | 2023-04-24 | [Argentina Soybean Crop Smallest in 25 Years Due to Historic Drought - AgWeb](https://feedsoft.ai/events/13969-argentina-soybean-crop-smallest-in-25-years-due-to-historic-drought-agweb.md) | -2.6% | -11.9% |
| SBM | 2016-04-21 | [Soybeans Enter Bull Market After Floods Damage Argentina's Crop \| Investor's Business Daily](https://feedsoft.ai/events/7718-soybeans-enter-bull-market-after-floods-damage-argentina-s-crop-investor-s.md) | +2.0% | +16.9% |
| SBM | 2017-04-06 | [Argentina's floods head toward soybean areas \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/71347-argentina-s-floods-head-toward-soybean-areas-agrifish-post-online-media.md) | +0.9% | +1.4% |
| SBM | 2025-05-23 | [Heavy Rains Cause Major Flooding in Key Argentine Soybean Region](https://feedsoft.ai/events/13860-heavy-rains-cause-major-flooding-in-key-argentine-soybean-region.md) | -0.3% | -4.4% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/fresh-produce/argentina-floods-spark-biggest-bet-on-soybean-rally-in-two-years-27445

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