Strikes in Argentina Drive Soybean Prices Near Six-Year High

Commodities Expert, Al Kluis, joined BNN Bloomberg to discuss the impact of strikes in Argentina and their affect on soybean prices. Soybean markets struggled last August, but are now nearing a six-year high. These ongoing strikes have stopped the export of soybeans resulting in additional purchases of American crops.

Looking ahead on what to plant for next year, Al suggests soybeans or canola will be in greater demand due to a surplus of corn and wheat. For more comments from Al, watch the full appearance.