Brazil Archives - Page 31 of 53

CBOT March 2020 corn with 10-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures firm on technical buying

By GFM Network News December 2, 2019

Chicago | Reuters — U.S. corn futures firmed on Monday, edging up to their highest in nearly a month on a round of technical buying despite signs of poor demand, traders said. Soybean futures fell, with traders waiting for concrete signs of progress in trade negotiations between the U.S. and China before buying into a […] Read more

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

Crops, Markets, Reuters

U.S. grains: Soy futures fall to two-month low

By GFM Network News November 27, 2019

Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more

ICE Futures January 2020 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola still pressured by soybeans, rangebound

By GFM Network News November 27, 2019

MarketsFarm — The trench in which ICE Futures January canola now finds itself is expected to hold firm, according to Ken Ball of PI Financial in Winnipeg. “We’re developing a range for the January contract that might hold up for a while, around $455-$467 roughly,” he said. “We could kick up and down in that […] Read more

Crops, Markets, Reuters

U.S. grains: Soy falls below US$9 on South America weather, trade doubts

By GFM Network News November 22, 2019

Chicago | Reuters — U.S. nearby soybean futures closed below $9 a bushel on Friday for the first time since September, pressured by improving crop weather in South America and fears that an initial U.S.-China trade deal could be pushed back to next year, analysts said. Wheat futures ended higher, while corn settled narrowly mixed. […] Read more

Smoke billows during a fire in an area of the Amazon rainforest near Humaita, Amazonas State, Brazil on Aug. 14, 2019. (Photo: Reuters/Ueslei Marcelino)

Cow-Calf, General, Reuters, Weather

Brazil Amazon deforestation soars to 11-year high

By GFM Network News November 18, 2019

Sao Jose dos Campos, Brazil | Reuters — Deforestation in Brazil’s Amazon rainforest rose to its highest in over a decade this year, government data on Monday showed, confirming a sharp increase under the leadership of right-wing President Jair Bolsonaro. The data from Brazil’s INPE space research agency, which showed deforestation soaring 29.5 per cent […] Read more

Five pork, five beef and three poultry plants will be built to help supply China’s appetite for meat. Photo: iStock/Getty Images

Hogs, Livestock, Reuters

Brazil gets approval for 13 meatpacking plants for China exports

By GFM Network News November 12, 2019

Sao Paulo | Brazil | Reuters – Chinese authorities approved new Brazilian meat exporting plants on Tuesday, according to the Brazilian agriculture ministry, a highly anticipated move as the two nations continue to strengthen trade ties. The approvals come as China seeks to increase meat imports to compensate for the death of around half of […] Read more

Crops, Reuters, Soybeans

Brazil farmers push traders to end Amazon soy moratorium

By GFM Network News November 6, 2019

Sao Paulo | Reuters – Brazilian farmers plan to start a campaign next week to end a ban by trading firms on buying soybeans from parts of the Amazon rainforest cleared after 2008, leaders from a major farmer group told Reuters, citing support from President Jair Bolsonaro. The push to end traders’ voluntary “soy moratorium” — one […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy prices to continue climbing

By GFM Network News October 16, 2019

MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more

Crops, Reuters, Weather

South America fires could disrupt its farm belt’s rainfall

By GFM Network News October 9, 2019

Santa Cruz | Reuters — Forest fires that swept across Bolivia and Brazil this year could disrupt rainfall distribution across South America’s grains-and-beef producing regions in unpredictable ways for years to come, a scientist and meteorologist said. Recent rains in both countries have helped put out the wildfires, which were likely started by farmers and […] Read more

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Crops, Markets, Reuters, Spring Wheat

Brazil expected to introduce tariff-free wheat import quota from 2020

By GFM Network News September 3, 2019

Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News