Views of the News
February 3, 2017 - Argentina Flooding Has Major Impact on Soybean Production
Heavy rains in late December 2016 and early January 2017 are affecting soybean production in Argentina’s bread-basket provinces, as well as soy prices worldwide. While rainfall is common in northeastern Argentina from December through February each year, the major flooding of soybean fields is easily recognizable in the January 2017 Landsat 8 image, compared to a Landsat image from almost exactly two years earlier. With almost 4 million acres of Argentina soybeans affected by the flooding, soybean and soymeal prices hit six-month highs in mid-January on the Chicago Board of Trade.