date:Apr 25, 2013
economists, money in the bank is not as secure as storing soybeans next to their fields, many say.
We are going to hang onto our soy. One can see higher prices ahead, said Jose Plazibat, a partner with the firm of Bandurria and Plazibat Brothers, which farms more than 3,000 hectares near the town of Chacabuco in Buenos Aires province.
South and North American growers remember that prices hit record peaks during a drought in the United States last year and they are holding out on prospects for