You are here

Argentina's drought helps US farmers profit from grain reserves

A farmer taking stock of soya plants in Chivilcoy, Argentina. US farmers are selling grain that has been held in storage for months to take advantage of prices rallying on Argentina's struggles.

Chivilcoy, Argentina

ARGENTINA's worst drought in decades is shrivelling farmers' fields, sending grain prices soaring and forcing Bunge Ltd and other major crop processors to crush fewer oilseeds into feed that fattens livestock around the world.

The drought in Argentina, the...

Market voices on: