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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

Brazil beef scandal leaves fewer options for global buyers

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Reading Time: 2 minutes Chicago | Reuters –– Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil’s meat sector because supply constraints and politics are already limiting trade flows, market analysts said Monday. China suspended imports of all meat products from Brazil, the world’s top beef exporter, as a […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazilian meatpackers slump on import curbs

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Reading Time: 3 minutes Sao Paulo/Beijing | Reuters — Fallout from a meatpacking industry scandal in Brazil, the world’s biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food. With other import curbs […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazil police raid BRF, JBS meat plants in bribery probe

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Reading Time: 3 minutes Sao Paulo/Curitiba, Brazil | Reuters — Brazilian police raided the premises of global meatpacking companies JBS SA and BRF SA on Friday, as well as dozens of smaller rivals, in a crackdown on alleged bribery of health officials that could threaten US$12 billion in annual exports. The probe, known as “Operation Weak Flesh,” found evidence […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans hit two-month low on huge Brazil crop

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a two-month low on Thursday, pressured by rising government forecasts for a record-large Brazilian soy harvest, traders said. Corn futures also declined on forecasts for big South American crops, and wheat followed the weak trend. The Chicago Board of Trade May soybean futures contract settled down 10-3/4 […] Read more
(USDA.gov via Flickr)
Crops, Reuters

USDA raises U.S. stocks view as Brazil crop threatens exports

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Reading Time: 2 minutes Washington | Reuters –– U.S. soybean supplies will be bigger than expected at the end of the marketing year as a record harvest in Brazil will flood the global market, cutting into demand for U.S. exports, the government said on Thursday. The U.S. Agriculture Department in its monthly supply and demand report raised its outlook […] Read more
(CIA.gov)
Crops, Reuters

Brazil’s female farmers occupy government offices

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Reading Time: 2 minutes Rio de Janeiro | Thomson Reuters Foundation — Hundreds of female farmers in Brazil occupied rural government offices on Wednesday in protest against austerity plans which they say disproportionately impact poor women. Protesters who marched across several cities on International Women’s Day said pension reforms and other changes to social security will make it harder […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans facing bearish headwinds

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Reading Time: 2 minutes CNS Canada — All eyes in the agricultural commodity world are focused on the release of the U.S. Department of Agriculture’s next World Agriculture Supply and Demand Estimates report due out Thursday. However, unless there’s a major surprise contained within the report, it’s hard to see the bias pointed higher for soybeans, according to an […] Read more

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