# Argentina floods cause soy crop losses, force evacuations | AP News

> El Niño-linked rains have hit farmers in northeastern Argentina's grain belt hard. Some farmers have stopped soybean harvesting while fields remain flooded, and evacuations have been reported.

- Date: 2016-04-21 · published 2016-04-21T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/8547-argentina-floods-cause-soy-crop-losses-force-evacuations-ap-news
- 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

Lost and delayed Argentine soybean output tightens global supply of soybeans, meal and oil, supporting prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-17 | [Flooding threatens Argentina's crops - Brownfield Ag News](https://feedsoft.ai/events/72844-flooding-threatens-argentina-s-crops-brownfield-ag-news.md) | +1.5% | +1.1% |
| SOY | 2016-04-22 | [Soybeans approach bull market as floods damage Argentina’s crop \| Bowling Green Daily News](https://feedsoft.ai/events/8548-soybeans-approach-bull-market-as-floods-damage-argentina-s-crop-bowling-green.md) | -0.1% | +5.2% |
| SOY | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +1.2% | +2.4% |
| SOY | 2017-01-18 | [U.S. grains: Soy up for fourth session on Argentina crop concerns \| Farmtario](https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario.md) | -1.0% | -2.3% |
| SOY | 2018-02-21 | [Argentina soybean losses could lead to new U.S. bean meal demand - Brownfield Ag News](https://feedsoft.ai/events/66586-argentina-soybean-losses-could-lead-to-new-u-s-bean-meal-demand-brownfield-ag.md) | +1.1% | +0.2% |
| SBM | 2017-01-17 | [Flooding threatens Argentina's crops - Brownfield Ag News](https://feedsoft.ai/events/72844-flooding-threatens-argentina-s-crops-brownfield-ag-news.md) | +3.3% | +3.2% |
| SBM | 2016-04-22 | [Soybeans approach bull market as floods damage Argentina’s crop \| Bowling Green Daily News](https://feedsoft.ai/events/8548-soybeans-approach-bull-market-as-floods-damage-argentina-s-crop-bowling-green.md) | +1.7% | +16.3% |
| SBM | 2017-04-12 | [Flooding In Argentina May Delay Soy Crop Harvesting \| Investing.com](https://feedsoft.ai/events/71348-flooding-in-argentina-may-delay-soy-crop-harvesting-investing-com.md) | +0.5% | +1.5% |

## Sources

- apnews.com: https://apnews.com/general-news-a300890ae9d34651ade578e07a8c7ecd

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