CBOT March 2019 soybeans with 20-day moving average. (Barchart)

U.S. grains: Soy up on crop stress in Brazil, hopes for China talks

Chicago | Reuters — U.S. soybean futures advanced to a near two-week high on Wednesday on declining yield prospects in Brazil and optimism about U.S. trade relations with top global soy buyer China, traders said. Wheat futures rose, rebounding from multi-month lows on short-covering and concerns about excessive rains in Argentina, while corn finished modestly


A file photo of Brazil’s Mata Atlantica (Atlantic rainforest). (FG Trade/E+/Getty Images)

Bolsonaro gives Brazil farm ministry powers on indigenous land

Rio de Janeiro/Brasilia | Reuters — New Brazilian President Jair Bolsonaro issued an executive order on Wednesday making the agriculture ministry responsible for deciding on lands claimed by indigenous peoples, in a victory for agribusiness that will likely enrage environmentalists. The temporary decree, which will expire unless it is ratified within 120 days by Congress,

CBOT March 2019 soybeans, with 20-day moving average. (Barchart)

U.S. grains: Soy, corn, wheat near one-month lows

Chicago | Reuters — U.S. corn, soybean and wheat futures approached one-month lows on Wednesday on worries over export demand and increasing competition for global sales. Traders were disappointed that there were no signs of additional sales of U.S. soybeans to China, the world’s top importer of the oilseed, or of corn. China bought U.S.