I canât speak for your horse, and in your horseâs case, Iâd probably ditch the soy completely to be on the safe side, but hereâs a weird one -
I react like crazy to the fuzzy leaves and stems of tomatoes, melons, squash, zucchini, cucumbers, etc. I can eat them all no problem. And the reverse for kiwi fruit - I can touch the fuzzy little fruits no problem but I canât eat them.
I used to love kiwi 
Allergies are weird.
To bring this back around to horse-specific stuff, I did allergy testing on my horse about 6 years ago. The series of shots I gave her afterwards helped her itchiness immensely. Unfortunately, she is, in the words of the vet I had at that time, âAllergic to life. Good luck.â
As far as insects - buy the good stuff and use it liberally. The allergy doc could not believe I didnât bring in a horse covered in welts when he saw her reaction to mosquitoes. âI used to train in a literal swamp. I know how to apply bug spray. It costs a fortune to do it right.â âKeep doing it.â
Ditching soy shouldnât be too onerous. A little research, a LOT of label reading, and a re-think of why you feed what you feed should get you on the path. Iâm currently on this path myself - switching from a pelleted ration balancer to a âgritâ vitamin and mineral (no fillers or binders), and ditching the wee bit of Senior I feed and replacing it with beet pulp.