U.S. soybean growers who are starting to harvest what's predicted to be a bumper crop probably will look to weather the trade war with China by stashing away the oilseed, according to agribusiness giant Bunge, reportsThe Bemidji Pioneer.
"Anybody who can store will do it," Chief Executive Officer Soren Schroder said Thursday, Sept. 27, from a conference in New York.
Attending theWall Street Journal'sGlobal Food Forum, Schroder said farmers may even turn to ground piles to store soybeans, prices of which are near the lowest in a decade.
Others attending the conference said stockpiling is already happening, with the industry racing to provide storage.
