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Tag Archives Brazil


(File photo by Dave Bedard)
News, Reuters

Nutrien idles three blenders in Brazil ‘indefinitely’

By Ana Mano, Reuters May 28, 2024
Nutrien Ltd, the world's largest producer of potash fertilizer, confirmed on Tuesday that it is indefinitely halting three blenders in Brazil, where it is trying to navigate difficult market conditions.

A view shows a corn field damaged by the floods in Colinas, in Rio Grande do Sul state, Brazil, May 6, 2024. REUTERS/Diego Vara
News, Reuters

Brazil floods hit food silos, disrupt routes to major grains port

By Ana Mano, Reuters, roberto-samora May 7, 2024
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.


File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Markets

USDA, Conab widely differ on Brazil soybeans

By Glen Hallick Marketsfarm, GFM Network News April 19, 2024
There’s a rather wide difference between the United States Department of Agriculture and its Brazil counterpart, Companhia Nacional de Abastecimento (Conab) when it comes to Brazil soybeans.

File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Markets

USDA holds steady on Brazilian production estimates

By Phil Franz-Warkentin, GFM Network News April 11, 2024
Soybean and corn production in Brazil remains uncertain after a pair of conflicting reports released April 11.


Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
General, Reuters

Louis Dreyfus withstands commodity price drop to post stable profits

While less chaotic than 2022, war and weather continued to disrupt supply last year

By GFM Network News March 21, 2024
Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.

(GrainsConnect.com)
Crops, Markets

USDA raises U.S. carryout, tightens Brazilian production

World wheat carryout estimate downgraded, but well above previous year

By Phil Franz-Warkentin, GFM Network News February 8, 2024
Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.


CBOT soybeans ZSH24 on Jan. 18 with 20, 50 and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn futures end higher after setting multi-year lows

Beneficial rains have eased concerns about crop damage in Brazil from drought

By Reuters, Tom Polansek, GFM Network News January 18, 2024
Chicago Board of Trade soybean futures dropped to their lowest level in more than two years on Thursday and corn futures set a three-year low before the markets turned higher on short covering and technical buying, analysts said.

CBOT soybeans ZSH24 on Jan. 17, 2024, with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soy futures drop near two-year low, corn sets three-year low

Wheat ended nearly unchanged after touching seven-week low on Tuesday

By Reuters, Tom Polansek, GFM Network News January 17, 2024
Chicago Board of Trade soybean futures tumbled near a two-year low on Wednesday as Brazilian crops benefited from improved weather and challenged U.S. exports on the global market, analysts said.


Photo: iStock/Getty Images.
Markets

CBOT weekly outlook: USDA estimates, weather pulling prices down

Shipping costs due to re-routing away from embattled Red Sea also affecting markets 

By Adam Peleshaty - MarketsFarm, GFM Network News January 17, 2024
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17. 

Corn ZCH24 on Jan. 12 with 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Corn plunges on robust supplies, sluggish US demand

Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield

By P.J. Huffstutter, Reuters, GFM Network News January 12, 2024
Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018


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