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Crops, Reuters

Vale sells fertilizer unit to Mosaic

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Reading Time: 3 minutes Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast agricultural markets, will pay $1.25 […] Read more
Corn, Crops, Machinery, Markets, Soybeans

Brazil farm belt roads blocked in new trucker strike

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Reading Time: 2 minutes Sao Paulo | Reuters — Truckers in Brazil resumed roadblocks across the country’s main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight companies in recent weeks regarding pay and fuel prices. Highway police on Thursday evening estimated that protesters had blocked roads at 17 points […] Read more
Crops, Markets, Reuters, Soybeans

Brazil soy exports likely to slow after fire near Santos port

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Reading Time: 2 minutes Sao Paulo | Reuters –– Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said on Tuesday. Authorities have agreed to restrict truck access to some terminals at the port at least […] Read more
Crops, Markets, Reuters, Soybeans, Weather

Caution reigns as Brazil soy farmers eye another record crop

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Reading Time: 2 minutes Sao Paulo | Reuters –– Brazilian soy farmers are about to start sowing what could be a third consecutive record crop, but caution is their motto as near-term weather forecasts are less than ideal and low grain prices combined with rising costs are squeezing margins. Soybean planting in Brazil’s leading agricultural states is only allowed […] Read more
Crops, Markets, Reuters, Soybeans

Bunge chief expects soy crushing margins in China to improve

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Reading Time: 3 minutes Barcarena, Brazil | Reuters — Poor soy crushing margins in China that have led the country to default on soy purchases are short term and should improve in two to three months, Bunge Ltd.’s CEO says. Soren Schroder was in Brazil for Friday’s inauguration of Bunge’s new terminal in Barcarena on Brazil’s northern coast. The […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending April 9, 2020.

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