Argentina soyoil trades at decade low to United States on harvest, biofuels
AI Summary
Argentina's soyoil prices have fallen to a decade low against the United States, coinciding with a strong soybean harvest. The anticipated bumper harvest may impact global markets and biofuel production processes.
Argentine farmers are collecting a bumper soybean crop forecast to be 48.6 million metric tons, according to the Buenos Aires Grain Exchange. Leer mรกs