CNS Canada — It’s a fluid set of circumstances for the U.S. soybean market these days as U.S. negotiators head to China in a bid to get proposed tariffs lowered on U.S. imports — but the potential for any major rally appears limited. “I would say the beans have a more limited upside than the […] Read more
CBOT weekly outlook: Limited upside seen for U.S. soybeans
U.S. grains: Soybeans drop on bleak export view
Chicago | Reuters –– U.S. soybean futures fell on Wednesday on concerns about decreased export demand from China as well as rising expectations for a bumper crop in Brazil, traders said. Wheat futures were mixed. Soft red winter wheat offerings eased after a rally on Tuesday while hard red winter wheat contracts rose due to […] Read more
U.S.-China trade fears halt soybean imports
Singapore/Beijing | Reuters — China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry. Buyers from China, which takes 60 per cent of soybeans traded […] Read more
U.S. grains: CBOT soybeans extend losing streak
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Monday, with concerns about demand from China in focus amid a lack of fresh deals with the top global buyer of the oilseed, traders said. Wheat futures were mixed, with Chicago Board of Trade soft red winter wheat contracts retreating from […] Read more
Marfrig to buy control of U.S.-based National Beef
Sao Paulo | Reuters –– Brazil’s Marfrig Global Foods said Monday it would buy control of Kansas City-based National Beef Packing for US$969 million, in a deal that would make it the world’s No. 2 beef processor. Marfrig also said it was seeking to sell an existing U.S. unit, Keystone Food. The proceeds will be […] Read more
Coffee may profit more than soy in Brazil’s new farming frontier
Luis Eduardo Magalhaes, Brazil | Reuters –– Farmers tending vast, flat soy and cotton fields that spread as far as the eye can see in northeastern Brazil are finding that coffee crops might provide higher profits in the country’s agricultural frontier. More coffee farms are being developed in the western part of Bahia state, which […] Read more
Brazil cracking down on unmonitored agriculture planes
Sao Paulo | Reuters — Brazilian federal prosecutors have demanded civil aviation authorities change regulations to increase oversight of agriculture airplanes such as crop dusters, which they claim can be used to smuggle drugs and agro-chemicals. Prosecutors are calling for the mandatory introduction of a transponder equipment to monitor such planes, and have suggested new […] Read more
Brazilian grain growers explore increased use of Panama Canal
Sao Paulo | Reuters — Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority’s chief administrator said. The canal’s administration is looking to increase its participation in rising Brazilian […] Read more
U.S. grains: Soy tumbles on acreage outlook
Chicago | Reuters — Chicago soybean futures tumbled on Wednesday, pressured by technical selling and outlooks for record-large U.S. plantings this year, traders and analysts said. Chicago Board of Trade May soybean futures dropped 16-1/2 cents, or 1.7 per cent, to $10.32-1/4 per bushel (all figures US$). Prices accelerated declines at late-morning after advisory service […] Read more
Ex-JBS chairman released from jail
Brasilia | Reuters — A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world’s biggest meatpacker, JBS SA, according to court documents. Joesley Batista, who steered JBS from a Brazilian beef processing firm to a global food conglomerate with major U.S. operations, was expected to be […] Read more
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