Brazilian farmers to expand soy area, cut fertilizer use

Brazilian farmers to expand soy area, cut fertilizer use

Consultancy has issued earliest forecast for next season

Reuters – Brazilian soybean farmers will raise soybean plantings by 1.5 per cent nationwide next season, agribusiness consultancy Agrinvest Commodities told Reuters recently, in one of the first-known projections for area growth for the new crop. Brazil planted 40.8 million hectares (100.8 million acres) with soybeans in the 2021-22 cycle, a 4.1 per cent expansion,

MGEX July 2022 spring wheat (candlesticks) with CBOT July 2022 wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Supply worries, weather spur rallies

Market awaits USDA world crop report; rains delay U.S. spring wheat plantings

Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the


Brazil’s second corn crop threatened by dry April

Brazil’s second corn crop threatened by dry April

Reuters – Brazil’s top grain-producing state is facing its driest April in 17 years, threatening a key second corn crop in the agricultural powerhouse, weather service EarthDaily Agro said. Accumulated April rainfall in Mato Grosso state totalled 30 millimetres (1.18 inches), 70 per cent below the average for the last decade, EarthDaily Agro, which monitors



File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)

China’s hog output recovers, drags on Brazil pork exports

China's total Q1 pork imports down 64 per cent

Sao Paulo | Reuters — Brazilian pork exporters are grappling with a drop in volumes shipped to their main buyer, China, which has increased its pork meat production after an outbreak of African swine fever in 2018. ASF forced China to cull millions of hogs and increase imports. China continued to be Brazil’s top pork



CME June 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: CME hog futures top two-week high

Chicago cattle futures ease

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied to their highest price in more than two weeks on Monday, while live cattle and feeder cattle futures weakened. Hopes for increased domestic demand from summertime grilling and cookouts helped lift hog futures, analysts said. They added that surging grain and soybean futures raised

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS says U.S. domestic and international businesses to remain strong

Sao Paulo | Reuters — Brazilian meatpacker JBS, which operates multiple food processing facilities in the U.S. and one of Canada’s largest beef packing plants, said its North American operations will continue to drive performance. Speaking at a conference call to discuss fourth-quarter results, management said JBS will benefit from strong U.S. domestic demand for


CME April 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle, hogs firm amid market uncertainty

Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Monday as traders attempted to make sense of changing trade restrictions and allowances. “The market’s trying to sort out all these trade protection measures,” said Alan Brugler, president of Brugler Marketing. “Everybody seems to want imports, and nobody wants to export anything.” CME April