GFM Network News



Brazil farmers push traders to end Amazon soy moratorium

Reading Time: 2 minutes Sao Paulo | Reuters – Brazilian farmers plan to start a campaign next week to end a ban by trading firms on buying soybeans from parts of the Amazon rainforest cleared after 2008, leaders from a major farmer group told Reuters, citing support from President Jair Bolsonaro. The push to end traders’ voluntary “soy moratorium” — one […] Read more


CBOT weekly outlook: Corn, soy prices to continue climbing

Reading Time: 1 minute MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more

South America fires could disrupt its farm belt’s rainfall

Reading Time: 2 minutes Santa Cruz | Reuters — Forest fires that swept across Bolivia and Brazil this year could disrupt rainfall distribution across South America’s grains-and-beef producing regions in unpredictable ways for years to come, a scientist and meteorologist said. Recent rains in both countries have helped put out the wildfires, which were likely started by farmers and […] Read more


Brazil expected to introduce tariff-free wheat import quota from 2020

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more

Brazil’s JBS says it uses satellites to monitor cattle suppliers

Reading Time: 1 minute Sao Paulo | Reuters — The world’s largest meatpacker JBS SA is closely monitoring the origin of the cattle it buys in Brazil amid heightened concerns about environmental preservation and sustainable business practices, its CEO said Wednesday. Speaking at an industry event in Sao Paulo, JBS CEO Gilberto Tomazoni said the company is using satellite […] Read more


As Amazon burns, Bolsonaro tells rest of world not to interfere

Reading Time: 3 minutes Brasilia/Sao Paulo | Reuters — Amid growing international criticism over wildfires raging through the Amazon, Brazilian President Jair Bolsonaro on Thursday admitted farmers could be illegally setting the rainforest alight but told foreign powers not to interfere. French President Emmanuel Macron and United Nations Secretary General Antonio Guterres both took to Twitter to express their […] Read more

UN flags need to reduce meat consumption to curb land use impact on global warming

Reading Time: 3 minutes London/Geneva | Reuters — Global meat consumption must fall to curb global warming, reduce growing strains on land and water and improve food security, health and biodiversity, a United Nations report on the effects of climate change concluded. Although the report stopped short of explicitly advocating going meat-free, it called for big changes to farming […] Read more


Bunge, BP team up for Brazil sugar and ethanol venture

Reading Time: 2 minutes Sao Paulo | Reuters – U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell joined forces with Cosan to […] Read more

Brazil lifts suspension of beef exports to China

Reading Time: 1 minute Sao Paulo | Reuters — Brazil’s government said Thursday it has lifted a suspension of beef exports to China after dealing with an atypical case of BSE, sending shares of Marfrig Global Foods, Minerva and other Brazilian meatpackers soaring. The suspension had been in effect since June 3 after a case was reported in a […] Read more