11.02.2009 - Latin America gets squeezed by dive in commodity prices
From WSJ: Gustavo Grobocopatel is called "the Soybean King" here because he oversees a farming empire the size of Luxembourg. Nowadays, that distinction brings more grief than glory. Soybean prices have plunged about 40% since last July amid a global commodities crash. For Argentine growers, the pain has been especially acute. Leftist President Cristina Kirchner, who once disparaged soybeans as "practically a weed," taxes them heavily and maintains a heavy hand in the economy..... Full Article: Source