# Soyabean price catapulted higher as rains hit Argentina — Arabian Post

> Soybeans and soymeal rallied as heavy rain in Argentina's growing areas damaged seeded fields and delayed replanting. Soymeal rose more than 10% year to date to $345.4 a ton, and beans reached $10.63 a bushel.

- Date: 2017-01-20 · published 2017-01-20T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/73066-soyabean-price-catapulted-higher-as-rains-hit-argentina-arabian-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentina is the world's largest soymeal exporter, so cuts to its crop forecasts tighten global meal supply and lift feed protein costs. Buyers should expect firmer soymeal prices while the crop estimate keeps falling.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-04 | [Soybeans charge higher amid reports of flooding in Argentina](https://feedsoft.ai/events/73022-soybeans-charge-higher-amid-reports-of-flooding-in-argentina.md) | +1.9% | +5.1% |
| SOY | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | -0.1% | +3.4% |
| SOY | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -3.0% | -2.4% |
| SOY | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +2.2% | -1.2% |
| SOY | 2018-01-04 | [Argentina's Soybean Planting Pace Is Slowest in History](https://feedsoft.ai/events/66853-argentina-s-soybean-planting-pace-is-slowest-in-history.md) | -1.3% | +2.6% |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -4.7% | -3.3% |
| SBM | 2025-01-16 | [EU soybean meal prices rise as Argentina's drought impacts production](https://feedsoft.ai/events/26587-eu-soybean-meal-prices-rise-as-argentina-s-drought-impacts-production.md) | +3.5% | -2.5% |

## Sources

- thearabianpost.com: https://thearabianpost.com/soyabean-price-catapulted-higher-as-rains-hit-argentina/

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