Top Argentinian oilseed processor Vicentin is thought to be behind the country 's biggest US soyabean import in 20 years , an unusual move that reveals the impact of an extended drought . While the unexpected drought boosted soyabean futures on the Chicago Board of Trade , it had the opposite effect in Argentina , where prices rose more than 3 % to ARS6,200 ( $ 307.46 ) per ton . bill Sutter of the US foods Export Council predicted that there will be more purchases from Argentina as the drought has depleted domestic exports .
Top Argentinian oilseed processor Vicentin is thought to be behind the country's biggest US soyabean import in 20 years, an unusual move that reveals the impact of an extended drought. While the unexpected purchase boosted soyabean futures on the Chicago Board of Trade, it had the opposite effect in Argentina, where prices slipped more than 3% to ARS6,200 ($307.46) per ton. Jim Sutter of the US Soybean Export Council believes that there will be more purchases from Argentina as the drought has depleted domestic supplies.