Brasilia | Reuters — Brazil’s right-wing government under President Jair Bolsonaro will seek to classify invasions of farmland by landless workers movements as akin to terrorism, with harsher penalties for perpetrators, an agriculture ministry official said on Monday. Nabhan Garcia, land issues secretary at the ministry, said the government must convince the National Congress to […] Read more
Brazil plans to fight invasions by landless workers
U.S. grains: Wheat rallies on dollar weakness, export hopes
Chicago | Reuters — U.S. wheat futures rallied from one-week lows on Friday in a technical and bargain-buying bounce as a weakened U.S. dollar and rising wheat prices in rival exporting nations boosted prospects for U.S. shipments. Corn and soybeans also advanced on technical buying and concerns about crop prospects in South America due to […] Read more
ICE weekly outlook: Canola stuck in winter slump
CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to […] Read more
CBOT weekly outlook: Trade news having little effect
CNS Canada — Even though news out of Beijing regarding the trade talks between the U.S. and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on commodities. “The only thing that would be a real positive announcement would […] Read more
U.S. grains: Soy firm on Brazil dryness, China trade hopes
Chicago | Reuters — U.S. soybean futures rose on Monday for a fourth straight session and notched a three-week high on concern about dry weather in Brazil and as trade talks between Washington and Beijing raised hopes of accelerated export purchases by China. Corn and wheat eased as some traders sold contracts to take profits […] Read more
U.S. grains: Soybeans up as China talks fuel export hopes
Chicago | Reuters — U.S. soybean futures climbed to a two-week high on Friday on optimism over U.S.-China trade talks planned for next week, coupled with declining estimates of the size of Brazil’s developing crop, traders said. Corn and wheat followed the firm trend, with brightening export prospects for both grains lending support. Chicago Board […] Read more
U.S. grains: Wheat rises on technical bounce, export prospects
Chicago | Reuters — U.S. wheat futures rose about 1.4 per cent on Thursday, reaching a one-week high on a technical rebound from multi-month lows and optimism about U.S. export prospects, analysts said. Soybeans hit a two-week top on worries about declining Brazilian crop prospects and rumours of Chinese buying interest, and corn followed the […] Read more
CBOT weekly outlook: Soybeans wait on China news
CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more
U.S. grains: Soy up on crop stress in Brazil, hopes for China talks
Chicago | Reuters — U.S. soybean futures advanced to a near two-week high on Wednesday on declining yield prospects in Brazil and optimism about U.S. trade relations with top global soy buyer China, traders said. Wheat futures rose, rebounding from multi-month lows on short-covering and concerns about excessive rains in Argentina, while corn finished modestly […] Read more
Bolsonaro gives Brazil farm ministry powers on indigenous land
Rio de Janeiro/Brasilia | Reuters — New Brazilian President Jair Bolsonaro issued an executive order on Wednesday making the agriculture ministry responsible for deciding on lands claimed by indigenous peoples, in a victory for agribusiness that will likely enrage environmentalists. The temporary decree, which will expire unless it is ratified within 120 days by Congress, […] Read more
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