SAO PAULO, Brazil (DTN) -- With the economy in disarray and the country in default, Argentine grain farmers are looking for defensive plays for the 2014-15 season, which begins in October.
In these parts, that means planting soybeans.
Analysts expect Argentine soybean planted area to stand pat at around 50 million acres in the upcoming season, while corn planting area drops as much as 20%.
It's not that gross margins on Argentine soybeans are much better than for corn. Soybeans are much more liquid and aren't subject to export controls. At a time when inflation is surging and a devaluation ...