Chicago | Reuters — U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said. Corn futures fell for a fourth straight session and also notched a weekly drop, while wheat futures firmed after a three-session slide. Chicago Board […] Read more
U.S. grains: Soybeans hit one-week low on export woes
Brazil’s regulator rejects JBS settlement deal
Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more
ADM ramps up ethanol sales in Chicago, irking rivals
New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company’s rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, […] Read more
Brazilian court overturns ban on glyphosate
Brasilia | Reuters — A Brazilian court on Monday overturned an injunction banning products containing the herbicide glyphosate, knocking down a previous ruling that had been set to disrupt the soy planting season set to begin this month. A Brazilian judge ruled last month to halt the registration of new glyphosate-based products in the country […] Read more
U.S. grains: Markets rise on corn export demand, crop worries
Chicago | Reuters — U.S. grain futures rose on Thursday on strong demand for corn and worries that harvests may be smaller than expected due to unfavourable global weather. Soybean futures shook off early losses to end higher despite concerns about the ongoing trade battle with China, the world’s top buyer of the oilseed. Last […] Read more
U.S. grains: Markets set one-week highs on export hopes, weather woes
Chicago | Reuters — U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export demand helped support soy prices after the market fell to a 10-year low on Monday amid widespread concerns about the […] Read more
Brazil judge orders Monsanto to deposit royalties related to GMO seed
Sao Paulo | Reuters — A Brazilian judge has ordered local units of Monsanto to put royalties related to a GMO soy seed technology in an escrow account, in a decision likely to hinder the U.S. seed company’s ability to collect royalties from the business. The July 3 ruling relates to a patent dispute between […] Read more
Ex-JBS chair Batista charged with corruption
Brasilia | Reuters — Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in Brasilia, prosecutors said in a […] Read more
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
Chickens culled as Brazil truckers disrupt commodity exports
Sao Paulo | Reuters — Striking truckers in Brazil have disrupted supply and exports of farm produce from one of the world’s agricultural commodity powerhouses. Brazil is the top global exporter of soybeans, sugar, coffee and chickens. The strike over high fuel prices has paralyzed Latin America’s largest economy, emptied Brazilian roadways and left major […] Read more
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