South America Calling
Alastair Stewart South America Correspondent
Wed Jun 18, 2014 05:04 PM CDT

Soccer-mad Argentines have been avidly following the World Cup in neighboring Brazil, but a U.S. Supreme Court decision Monday grabbed their attention.

The court refused to overturn a U.S. district court ruling that the South American country has to pay all sovereign debt holders, raising the possibility of another default at the end of June that would be a hammer blow to the already unstable economy.

Argentine farmers are already storing soybeans as a hedge against instability amid runaway inflation and the possibility of devaluation, and farmers will likely initially go on lockdown if default occurs.

Farmers have grain stocks ...

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