Economy / Argentina
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
Soy Outlook: Well Supported Despite S-T Risks
May 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
Over the long term, though, we believe that soy prices are likely to remain elevated as the threat of supply shortages amid rising global demand for both soy oil and soy meal put a floor under any potential sell off. Regarding supply, developments in Argentina (the third largest soy producer and responsible for 15% of global exports) will likely play a key role. Farmers and the government have resumed talks for a second time since the farmers rejected the export tax in a bid to come to an agreement which would see the soy export market return to normal. Continued