Argentine soybean farmers sign delayed-price contracts hoping for a US/China trade deal and higher prices

Thursday, April 4th 2019 - 09:46 UTC

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Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating. Farmers on the Pampas arable belt have signed delayed-price contracts for almost three quarters of the 12.2 million metric tons they’ve sold to crushers and exporters so far, according to government data. That compares with 60% at the same stage last year. Read full article

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Jonaz_BsAs
I believe this is what you call a downward spiral.
Apr 05th, 2019 - 02:43 am - Link - Report abuse 0
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