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(Allan Dawson photo)
Crops, Markets, Reuters

U.S. grains: Corn sinks to contract lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to new contract lows for the third straight day on Thursday as lower-than-expected weekly export sales and abundant supplies weighed on the market. Soybeans also declined on disappointing weekly U.S. Department of Agriculture export sales data and as improving crop weather in Brazil raised prospects that the […] Read more
CBOT weekly outlook: Corn and soybeans down after USDA report
Corn, Crops, Soybeans

CBOT weekly outlook: Corn and soybeans down after USDA report

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Reading Time: 2 minutes CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more
Photo: Thinkstock
Reuters, Soybeans

Brazil cuts into U.S. soybean market share in China

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Reading Time: 2 minutes Reuters – Brazil is expected to win a larger share of China’s soybean imports in coming months, hitting U.S. exporters during the peak marketing season for their most valuable farm product as the world grapples with a fifth consecutive bumper crop. China is expected to buy about five million tonnes of soybeans from Brazil for […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans retreat on Brazil rains, technical selling

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned lower on Monday on forecasts for crop-boosting rains in some areas of Brazil and as technical selling and month-end positioning weighed on the market. Corn was narrowly mixed and wheat futures fell for a fourth straight session, with some wheat contract months hitting fresh contract lows. Prices […] Read more
(JBSs.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

Brazil court unfreezes JBS owners’ assets

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Reading Time: < 1 minute Brasilia | Reuters –– A Brazilian federal appeals court on Thursday granted an injunction releasing assets belonging to the Batista brothers, owners of the world’s largest meatpacker JBS SA, Ticiano Figueiredo, a lawyer representing the defendants, said. A spokeswoman at the appeals court did not immediately reply to a request for comment. On Oct. 6, […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy steady as attention turns to South America

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Reading Time: 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both keeping rangebound as attention shifts from last week’s U.S. Department of Agriculture supply/demand report to South American growing conditions. During the week ended Wednesday the December corn contract rose 2.5 cents, to $3.485 per bushel (all figures US$). On the […] Read more
(JBSsa.com)
Beef Cattle, Livestock, Reuters

JBS owners ‘profited’ from inside information, Brazil police say

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Reading Time: < 1 minute Brasilia | Reuters — Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said Tuesday. Police chief Edson Garutti, told Globo […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

Brazil formally accuses JBS owners of insider trading

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Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazilian state bank lambastes JBS CEO switch

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Reading Time: 3 minutes Rio de Janeiro/Sao Paulo | Reuters — JBS SA’s weekend move to replace the Brazilian company’s jailed chief executive with his father showed “deviousness” and left in place a situation of “terrible governance” at the world’s No. 1 meatpacker, the head of state development bank BNDES said on Monday, In remarks to Reuters, BNDES president […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

Brazil police detain JBS CEO

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Reading Time: 3 minutes Sao Paulo | Reuters — Brazil’s federal police on Wednesday detained the chief executive of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained […] Read more

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