Soybean market enters ‘rationing mode’
The soybean market has transitioned into “rationing mode” as tight global supplies and crop-stressing drought in Argentina have ignited the strongest soy market rally in years, said Joe Stone, the head of Cargill Inc’s agricultural supply chain, Reuters reported last week.
“We are going to need to ration. The extent of how much we’re going to need to ration is probably going to be a function of the weather that we see in Argentina,” Stone said.
Global grain and oilseed prices have soared as China and other global buyers accelerated purchases due to food security concerns and shrinking supplies ...
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