Grain processors are coming off a difficult 2017 due to an excess supply of soymeal from Argentina flooding the global market. Argentina is now in a drought, and soy production in the country is likely to fall by 8.8 million tonnes year-over-year in 2018 to 49 million tonnes, according to Citi. This could benefit American companies: Archer Daniels Midland Co ADM and Bunge Ltd BG The Analyst Citi's David Driscoll upgraded Archer Daniels' stock rating from Neutral to Buy with a price target boosted from $45 to $49. The analyst upgraded Bunge's stock rating from Neutral to Buy with a price target lifted from $75 to $89. Source