By Commodity News Service Canada
WINNIPEG, Jan. 3, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally.
Cargill Inc. has reported a 20 per cent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions, challenges in the Chinese hog sector and a struggling United States dairy sector, all impacted the grain trader. The company’s net earnings for the quarter ended Nov. 30, 2018, were US$741 million, a 20 percent drop from the US$924 million made during the same period last year.
Brazilian President Jair Bolsonaro’s far-right government launched a barrage of measures on its first day in office Wednesday that sent Brazilian markets flying. The government unveiled sweeping plans to step up privatizations, toughen prison sentencing guidelines and hand control over indigenous lands claims to the Agriculture Ministry.
Read Also
Global Markets: Retail sales down in May
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…