The global soyabean market has been upended
There may be permanent effects
“WE’VE BEEN gambling up to this point,” says Tim Bardole, a soyabean farmer from Iowa. After the price of soyabeans crashed last summer (see chart), he held on to most of his harvest and waited for the market to recover. But seven months later, and with large loans to repay, he sold up. “We decided we’d better take what we have,” he says.
This article appeared in the Finance & economics section of the print edition under the headline “Soy sources”
Finance & economics February 23rd 2019
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- Why private equity appeals
- The global soyabean market has been upended
- A new book argues weakened communities threaten liberal democracy
From the February 23rd 2019 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer