Glencore declares drought good for business profits

Reuters - "In terms of the outlook for the balance of the year, the environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities," Chris Mahoney, director of agricultural products, told a conference call on Tuesday.

"I think we will both be able to provide the world with solutions, getting stuff to where it's needed quickly and timely, and that should also be good for Glencore."  Read more.