Argentina Drought Causes Soybean Price Increase

Matt Hopkins Posted by Matt Hopkins|4 January 2011

Soybean futures are gaining traction because of Argentina’s dismal weather forecast, according to a Bloomberg article.

The La Nina weather system could cause Argentina’s estimated soybean harvest to drop 17 percent to 43 million in the 10-11 season.

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The drought could last for another month, according to the article. Brazil is also experiencing dry weather, which could diminish yields if conditions persist.

To read the complete article, click here.
 

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