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The Latin American markets are higher late Wednesday - with the markets in Brazil and Argentina finishing particularly strongly - supported by gains among mining stocks after the U.S. Federal Reserve today announced a new asset-purchase program, undercutting currencies and sending traders looking for alternatives. Agriculture-related stocks also are higher today along with most banking and technology stocks.

Here's where the regional markets stand:

- Ibovespa was up 34.8 points. Now up 113.6 points to 59,737.

- IPC (Mexico City) up 48.77 (+0.11%) to 43,183.28.

- Santiago Index IPSA up 11.28 (+0.3%) to 3,637.6.

- Merval Buenos Aires was up 14.55 points. Now up 29.7 points to 2,588.5.

In company news, ADRs of Bunge ( BG ) are down about 0.3% from near 52 week highs after its chief executive said agribusiness companies need to upgrade their rail, road and water transportation networks in order to keep up with world population growth, with expectations for a rise of one-third by mid-century.

"Infrastructure gets the attention it deserves only when it is dying," Alberto Weisser said at a speech late yesterday at Johns Hopkins University's School of Advanced International Studies.

For example, port facilities in Brazil and Argentina, "are a nightmare," he said. "It will make you cry." The Organization for Economic Cooperation and Development has said that $300 billion in port and rail improvements are needed globally through 2030.

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