South American Harvest Uncertainties Keep Global Grain Prices Elevated
Sober Look | Oct 22, 2012 02:57AM ET
In spite of promises of record wheat and corn harvests in South America, grain prices continue to stay elevated.
All eyes are on the soy, corn, and wheat sowing in the Southern Hemisphere, as buyers of agricultural commodities expect these spring crops to replenish the supplies lost to the summer's drought. But is it possible that the South American harvests will be worse than expected? That certainly seems to be the case with respect to Argentina.
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