(JBSS.infoinvest.com.br)

Brazil blocks JBS deal, seeks asset freeze

Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS’s US$300 million sale […] Read more

(JBSs.infoinvest.com.br)

JBS sells LatAm units to Minerva

Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to […] Read more



(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans rebound on Argentina rains

Chicago | Reuters — U.S. soybeans rebounded on Wednesday from multi-month lows sparked a day earlier by fears of harvest delays in Argentina, while China’s return to the market after a holiday helped boost prices, analysts said. Corn and wheat followed the strength in soybeans, but rising stockpiles of corn-based ethanol pressured corn futures at […] Read more


(Photo courtesy United Soybean Board)

U.S. grains: Crop prospects drag on soybeans

Chicago | Reuters — U.S. soybean futures weakened on Wednesday, with prospects for bumper harvests in South America and record U.S. plantings weighing on the beaten-down market, traders said. Corn and wheat futures also closed in negative territory. Both grains have fallen for three days in a row. The outlook for rain in the U.S. […] Read more