Farmers Will Hoard Beans to Ride Out Trade War, Bunge CEO Says
- ‘Anybody who can store will do it,’ Bunge’s Schroder says
- Growers face increased risk of a prolonged U.S.-China tensions
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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 Ltd.
“Anybody who can store will do it,” Chief Executive Officer Soren Schroder said Thursday from a conference in New York. Bunge is the top oilseed processor.