# Soggy fields in Argentina

> Around 1.5 million soybean acres in Argentina were left unplanted after heavy rains followed dry weather, and the Buenos Aires Grains Exchange put the 2016-17 soy crop at 53.5 million tonnes, down 4.5 points. Rains have flooded fields across the country, with the worst hit in eastern Buenos Aires Province and Cordoba.

- Date: 2017-02-08 · published 2017-02-08T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/72335-soggy-fields-in-argentina
- 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 Argentine soybean crop tightens meal and oil supply from the world's top meal and oil exporter, supporting soybean product prices and feed costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-11-14 | [La Nina - Dryness stops fieldwork in Argentina](https://feedsoft.ai/events/67811-la-nina-dryness-stops-fieldwork-in-argentina.md) | +2.8% | +1.3% |
| SOY | 2021-02-01 | [La Nina Lowers Argentina's Yields](https://feedsoft.ai/events/48535-la-nina-lowers-argentina-s-yields.md) | -0.2% | +1.6% |
| SOY | 2017-05-02 | [Don't Rain On Me, Argentina](https://feedsoft.ai/events/70865-don-t-rain-on-me-argentina.md) | -0.3% | -4.8% |
| SOY | 2018-04-17 | [A Costly Drought in Argentina - NASA Science](https://feedsoft.ai/events/65363-a-costly-drought-in-argentina-nasa-science.md) | -2.0% | -2.8% |
| SOY | 2023-02-16 | [In Argentina's drought-hit fields, billion dollar losses and farmers going under](https://feedsoft.ai/events/13981-in-argentina-s-drought-hit-fields-billion-dollar-losses-and-farmers-going-under.md) | +0.6% | -2.2% |
| SBM | 2017-11-14 | [La Nina - Dryness stops fieldwork in Argentina](https://feedsoft.ai/events/67811-la-nina-dryness-stops-fieldwork-in-argentina.md) | +2.7% | +3.7% |
| SBM | 2021-02-01 | [La Nina Lowers Argentina's Yields](https://feedsoft.ai/events/48535-la-nina-lowers-argentina-s-yields.md) | +0.5% | -1.4% |
| SBM | 2017-05-02 | [Don't Rain On Me, Argentina](https://feedsoft.ai/events/70865-don-t-rain-on-me-argentina.md) | -1.5% | -5.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/soggy-fields-in-argentina

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