More and more, the nation of Brazil keeps popping up as an opponent of the U.S.A.
Wonder what got their knickers in a twist? All the fascist Germans who fled there after WWII?
Brazil is the world’s largest exporter of coffee and sugar, the second-largest soybean producer and the third-largest exporter of corn. Argentina is the second-largest corn shipper and the third-largest grower of soybeans.
Investing in Adecoagro is “a way to play the potential global shortage of food, especially in emerging markets,” Francis Gaskins, president of Marina del Rey, California-based IPOdesktop.com, said in a note today.
Higher commodity prices are leading to riots, demonstrations and political instability, Nouriel Roubini, the New York University economics professor who predicted the financial crisis, said at the World Economic Forum in Davos, Switzerland earlier this week.
They must be nuts. ;’)