Reuters – Brazilian soybean producers’ group Aprosoja, representing 240,000 farmers, has criticized federal antitrust agency CADE’s decision to clear a joint venture formed by rivals Bayer AG, Corteva and Syngenta. The joint venture (JV) was approved by CADE unconditionally in early August and offers a platform for the collection of royalties from genetically modified soybeans
Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated
Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S.
Reuters – Buoyed by strong demand, Brazilian farmers are poised to expand their soybean area for the 15th consecutive year, a survey by agribusiness consultancy Datagro released July 30 showed. The area planted with soybeans in the world’s largest producer and exporter is expected to increase by four per cent to 40.57 million hectares in
Reuters – Mosaic Fertilizantes, a unit of Mosaic Co., sees fertilizer demand in Brazil growing by six per cent to as much as 10 per cent in 2021 if demand from corn farmers proves strong, an executive told Reuters. Mosaic Fertilizantes head Corrine Ricard noted the strong negative effects droughts and frosts have had on Brazil’s 2021 corn crop. But she
Reuters – Brazilian soy farmers are being paid for promoting sustainable agriculture, according to the organizers of a new initiative involving 55 growers in Maranhão and Mato Grosso states, in the heart of Brazil’s farm country. The program, which rewards producers for their “environmental services,” highlights mounting pressure on farmers and businesses to produce food
Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled up six cents at $5.51-1/4
Reuters – Brazil has asked China to clarify certain aspects of a new national soybean standard that changes quality requirements for the grain, including how they will be implemented and assessed, a Brazilian Agriculture Ministry official said. China’s proposed new standard for the oilseeds, currently under discussion at the World Trade Organization, is expected to
MarketsFarm — After hot and dry weather sent corn and soybean prices climbing higher in early June, much-needed rains brought bids down at the Chicago Board of Trade on Wednesday. Weather accounted for “90 per cent” of the pricing influence, according to Sean Lusk, vice-president of the commercial hedging division for Walsh Trading in Chicago.
Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per