(JBSsa.com)

JBS delays but does not give up on U.S. IPO plan

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, fellow founder and current JBS

Brazil police probe ag ministry for corruption

Sao Paulo | Reuters — Brazilian federal police started two separate investigations on Tuesday into suspected corruption at the Agriculture Ministry to benefit meatpacking, dairy and other food companies. The probes into whether inspection procedures were eased in favour of certain unnamed companies comes two months after the country’s meatpacking industry was rocked by a


(JBSS.infoinvest.com.br)

Brazil police probe loans to JBS

Brasilia | Reuters — Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world’s largest meat processor lower after a series of scandals. Separately, police said earlier on Friday they would detain 37 people for questioning and

(JBSS.infoinvest.com.br)

JBS mulls delaying IPO of international unit

Sao Paulo | Reuters — JBS SA, the world’s largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. Executives at Sao Paulo-based JBS were worried


Soybeans are starting to grow quickly outside the traditional production zone in the Red River Valley and the most recent StatsCan report reflects this.

StatsCan sees higher corn and soy acres in Manitoba

Statistics Canada’s seeding intentions report confirms, weather willing, 
there could be a 36 per cent jump in soy acres

Get ready to see more soybeans zipping by your truck window during trips to town this summer. According to Statistics Canada’s first Principal Field Crops report of the season, which looks at seeding intentions for the coming season, Manitoba’s soybean acres are expected to jump 34.6 per cent in 2017. Of the seven million soybean







Brazil and the mother of all food fraud cases

As one of Brazil’s main livestock industry competitors Canada will likely gain from this scandal

Brazil, the largest exporter of meat products in the world, faces a food fraud crisis — and it seems federal authorities have been complicit. There’s a lesson here for Canada. Brazilian authorities recently announced they would investigate several companies, including meat-packing giants JBS SA and BRF SA. The companies are accused of bribing licensed inspectors