Soybean futures eased on Monday on forecasts for rain in dry areas of top exporter Brazil and Argentina and on rising United States supplies as clear Midwest weather boosted harvesting.
Tag Archives Brazil
U.S. Grains: Soybeans ease on South American rain outlook; grain higher
River level at Amazon rainforest port hits 122-year low amid drought
Grain exports and essential supplies affected
The river port in the Amazon rainforest's largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region's lifeline.
CBOT Weekly: Possible Chinese trade action of little concern
As price movement in soybeans on the Chicago Board of Trade continued to be a tussle between dry conditions in Brazil versus pressure from the United States harvest, Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago, suggested not to pay much attention to any trade action China might soon take against U.S. soybeans.
JBS posts profit as chicken and pigs make up for beef slump
Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
Brazil beef output to hit record in 2024, Conab says
Sao Paulo | Reuters – Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, national crop agency Conab said on Thursday, a 7.1 per cent year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen reaching 3.44 million
Brazil detects first Newcastle disease case in poultry since 2006
Brazilian authorities are taking measures to contain an outbreak of Newcastle disease in the country's southernmost state of Rio Grande do Sul, according to a statement from local meat lobby ABPA on Thursday.
Brazil sues Syngenta for alleged environmental damage
Brazil's environmental agency IBAMA has sued Syngenta alleging the chemicals company caused "environmental damage" by producing and selling pesticides using much higher concentrations of a carcinogen than allowed under law, according to court documents seen by Reuters.
Brazil pushing towards wheat self-sufficiency
The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
Increased soybean output to come for Brazil
Ahead of the July supply and demand report from the United States Department of Agriculture, its attaché in Brasilia projected larger soybean production in 2024/25. However, the attaché pegged their soybean estimates below the USDA’s official numbers.
Rival pork exporters could benefit from China-EU trade tensions
Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said.
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