Brazil importing soy, food staples as prices soar

Brazil importing soy, food staples as prices soar

The surprising move is part of ongoing global food supply chain disruptions

Reuters – Brazil, one of the world’s largest agricultural producers, is importing food staples including soybeans due to a rise in domestic prices, President Jair Bolsonaro said in a video posted on social media. Brazil’s turn to imports is the latest disruption to the global food supply chain as soybean prices hover around four-year highs,

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

U.S. grains: Soybeans lift on South American weather concerns

Market weighs U.S. vote, pending WASDE report

Chicago | Reuters — Chicago soybean futures gained on Wednesday, touching a one-week high as recent rains in South America do little to aid drought-stricken crops, making U.S. beans more attractive on the world market, traders said. Wheat fell slightly as U.S. and global supply outlooks remain strong, while corn was choppy, paring early declines


(JBSsa.com)

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears

Commodity selling continues dragging on grains, analysts say

Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said.


CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down



CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures fall after hitting 14-month high

Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy

Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: After October rally, November ‘is for bears’

MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally,


Brazil producing more meat on less land

Brazil producing more meat on less land

Meat packer also says direct suppliers don’t contribute to deforestation

Livestock suppliers in Brazil are producing more while using less land, as concerns mount about straining natural resources to produce food to feed a growing world population, Gilberto Tomazoni, global chief executive of the world’s largest meat packer JBS SA, said Oct. 16. In remarks made during a panel discussion to mark World Food day, Tomazoni said meat

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Dry soils push Chicago wheat higher

CBOT corn, soy futures also rise

Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just