(JBSFoodCanada.ca)

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais,




CBOT May 2021 soybeans (candlesticks) with 20- and 50-day moving averages and CBOT May 2021 soyoil (black line). (Barchart)

U.S. grains: Soyoil leads soybean complex higher

Wheat follows corn, soy higher

Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains production belt. The most-active soybean


Brazil cattle supplies to remain tight, hitting beef packers

Brazil cattle supplies to remain tight, hitting beef packers

Reuters – A shortage of cattle for slaughtering will continue to weigh on Brazilian beef processors for at least a year, Fernando Iglesias, an analyst with Safras & Mercado, said in a recent presentation. Brazil’s tight supplies, caused by the slaughtering of cows and strong demand for beef in markets like China, has led companies

CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn steps back after export-led rally

Wheat nears three-month low on better U.S. weather; soyoil pulls soybeans higher

Chicago | Reuters — Chicago corn futures dipped on Monday as improving South American crop weather added pressure to prices after export sales on Friday rallied the market. Soybeans were lifted by rallying soyoil futures, while wheat closed barely higher as favourable planting weather in the U.S. Great Plains and the Black Sea region limited


Brazil to reap record corn harvest but second crop worries linger

Brazil to reap record corn harvest but second crop worries linger

Reuters – Brazilian farmers will harvest a record corn crop even as growers plant their second corn crop outside the ideal window, Paulo Molinari, an analyst with Safras & Mercado, said in a recent presentation. Total corn production in the 2020-21 cycle is estimated at 113.5 million tonnes, up six per cent from the previous




CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans slide on slowing exports, Argentina rains

USDA confirms more U.S. corn sales to China

Chicago | Reuters — U.S. soybean futures retreated on Wednesday on slowing export sales as global demand shifts to South American supplies and as U.S. farmers prepare to dramatically increase plantings of the oilseed this spring. Corn futures were mixed, with the nearby contract firming as strong sales to China stoked concerns about tightening supplies.