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CBOT November 2023 soybeans with 20- and 50-day moving averages and December 2023 soymeal (dark grey line, left column). (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops

CBOT corn, wheat also higher

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New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans drop in choppy trade

Wheat futures lifted by surprise purchase from China

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Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures
CBOT December 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago wheat up off three-year low after steep sell-off

CBOT corn rises, soybeans flat as Brazil plantings race forward

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Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late
Livestock Markets, Markets

Brazil feeds global chicken glut

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Accelerated Brazilian chicken production will continue at least through the end of 2024, according to a lobby group for chicken and pork processors in mid-August. The news has been seen as a sign that a global chicken glut may not subside soon. An oversupplied chicken market affected Brazilian meatpackers’ earnings in recent quarters, also forcing
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans up as heat risk in focus

Weak demand erodes corn, wheat

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Chicago | Reuters — Chicago soybean futures firmed for a second straight session on Thursday, supported by strong exports and supply uncertainty as hot, dry weather cast uncertainty over U.S. prospects. Corn inched down as the market assessed results from this week’s Pro Farmer crop tour. Wheat eased as traders weighed strong global supplies against
News

Brazilian union sues JBS over alleged exploitation of chicken workers

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Reuters – A Brazilian labour union has accused JBS SA of subjecting dozens of workers to “degrading conditions,” according to a class action suit filed against the world’s biggest meatpacker and its suppliers last week. The union filed the claim on behalf of at least 76 people, including members of the Terena Indigenous community, who
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets

Brazil’s JBS reboots plan to list shares in New York

International meat packer hopes for access to lower-cost capital

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Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade.
Markets, News

Soybean influx into China cools buying appetite

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Reuters – A flood of Brazilian soybeans into China is weighing on soymeal purchases and may curb buying of beans later in the year, traders and analysts said. Soybean arrivals into the world’s top buyer have been running at record levels since the start of the year, after a record crop in Brazil pushed down
Frost on land in Brazil’s Santa Catarina state. (Edson Hardt/iStock/Getty Images)
Crops

Brazil justice grants Congress more time on bill limiting Indigenous rights

Case pits Indigenous against Big Ag

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Brasilia | Reuters — A Brazilian Supreme Court justice on Wednesday asked for more time to study a case pitting the country’s Indigenous people against its powerful farm sector, a decision that is likely to give lawmakers more time to pass a measure favouring Big Agriculture. The decision by Justice Andre Mendonca, an Evangelical pastor

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