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(Lisa Guenther photo)
Crops, Markets, Reuters, Weather

U.S. grains: Rain in Brazil’s forecasts dampens soy futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a one-week low on Thursday as expectations for beneficial rains in top exporter Brazil overshadowed stronger-than-expected U.S. export sales. Concerns about large U.S. supplies and poor export demand pushed March corn to settle at a new contract low, while wheat futures reached a three-week low. Traders kept […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets, Reuters

Dreyfus, Cargill win Brazil port space

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Reading Time: 2 minutes Sao Paulo | Reuters –– Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grain terminal at Santos Port for 25 years, while Fibria SA and Marimex won rights to operate pulp areas there leased from Brazil’s government. The three port areas were the first of 93 nationwide that the government […] Read more
(USDA.gov via Flickr)
Corn, Crops, Markets, Reuters

World corn stocks hit record high on cut in China use: USDA

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Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture unexpectedly revised its global coarse grain supply estimate on Tuesday, saying Chinese feed millers were using feeds other than corn at a higher rate than previously thought over the past three years. Along with an increase in USDA’s 2015 U.S. corn production forecast and cuts to […] Read more
Crops, Markets

Crop prices to stay under pressure

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Reading Time: < 1 minute Commodity News Service Canada – North American farmers hoping for weak commodity prices to right themselves could be waiting for quite a while, according to one of the speakers at the Cereals North America conference going in Winnipeg this week. Dan Basse, president of AgResource, said  currency issues are making life very profitable for farmers […] Read more
(Thinkstock photo)
Corn, Crops

Large Brazilian corn exports to continue

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Reading Time: < 1 minute Commodity News Service Canada – Brazil could be on pace to export as much as 31 million to 34 million tonnes of corn by the end of the 2015/16 marketing year, according to Pedro Dejneka, the executive director of AgResource’s Latin America division, speaking at the Cereals North America conference in Winnipeg on November 3. […] Read more
Crops

World farmers reap benefits of strong U.S. dollar

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Reading Time: < 1 minute Winnipeg/Commodity News Service Canada – The effects of a strong U.S. dollar and resulting weaker domestic currencies are improving the bottom line for farmers in many parts of the world, according to a speaker at the Cereals of North America conference in Winnipeg, Nov. 3. Pedro Dejneka, the executive director of Ag Resource’s Latin America […] Read more
(JBSsa.com)
Hogs

Brazil’s JBS concludes acquisition of Cargill pork unit

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Reading Time: < 1 minute Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
(JBSsa.com)
Beef Cattle, Livestock, Markets, Reuters

Brazil’s JBS considering slew of acquisitions

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Reading Time: < 1 minute Sao Paulo | Reuters –– JBS SA, the world’s largest meat packer, is ready to take on a slew of acquisitions next year, chairman Joesley Batista said Tuesday. The Brazilian company controls assets in the U.S., Canada, Australia and other countries. Batista, speaking on the sidelines of a telecommunications industry event in São Paulo, declined […] Read more
(Barry Wilmore photo courtesy NASA)
General, Markets

Global markets: Brazilian and South African economies

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Reading Time: < 1 minute CNS Canada — The following is a glance at the news moving markets globally. BRAZIL’S ECONOMY EXPECTED TO CONTRACT ONCE MORE — Brazil’s economy is expected to contract three per cent this year, according to the country’s Central Bank, which surpassed analyst’s expectations of 2.97 per cent. The newest projections are the most negative the […] Read more

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