Brazil Archives - Page 32 of 53

U.S. livestock: Warming weather, easing feed costs spur rallies

By GFM Network News June 4, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures rebounded on Tuesday as traders hoped that feed costs will remain under pressure following news U.S. buyers are importing corn from South America. Both live cattle and lean hog futures also rose amid a rally in the U.S. stock market and forecasts of warming […] Read more

A Western blot analysis, used to confirm BSE in bovine brain tissue. (Peggy Greb photo courtesy ARS/USDA)

Beef Cattle, Livestock, Markets, Reuters

Brazil halts beef exports to China after atypical BSE case

By GFM Network News June 3, 2019

Sao Paulo | Reuters — Brazil has temporarily halted beef exports to China following an atypical case of BSE in leading farm state Mato Grosso, the agriculture ministry said on Monday. China, Brazil’s largest beef importer by sales, spent US$1.5 billion on Brazilian beef last year, totaling 322,400 tonnes or almost 20 per cent of […] Read more

A drone captured this file photo of cattle on pasture in Brazil’s Mato Grosso state. (JoseMoraes/iStock/Getty Images)

Beef Cattle, Livestock, Reuters

Brazil reports atypical BSE case

By Reuters, GFM Network News May 31, 2019

Sao Paulo | Reuters — The Brazilian government reported on Friday a case of atypical bovine spongiform encephalopathy (BSE) in an animal in Mato Grosso state, according to a statement from the country’s agriculture ministry. The ministry said the case of BSE, also known as mad cow disease, was detected in a 17-year-old cow. It […] Read more

Crops, Potatoes, Reuters

McCain Foods buys stake in Brazilian potato processor Serya

By GFM Network News May 4, 2019

Sao Paulo | Reuters — McCain Foods, the world’s largest producer of frozen fries, has agreed to buy 70 per cent of Brazilian firm Serya for an undisclosed amount, in a deal that will allow the Canadian company to expand its footprint in Latin America’s largest market. The remaining shares of Serya are held by […] Read more

CBOT July 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn firms as rains stall planting

By GFM Network News April 29, 2019

Chicago | Reuters — U.S. corn futures firmed on Monday, hitting the highest point in a week as wet weather across much of the U.S. Midwest and forecasts for continued rains this week threatened to prolong spring planting delays. Soybeans were lower on sluggish U.S. exports, abundant global supplies and worries that delayed corn seeding […] Read more

File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

Crops, Reuters

Brazil urges China to improve GMO approvals

By GFM Network News April 25, 2019

Brasilia | Reuters –– Brazil Foreign Minister Ernesto Araujo said on Thursday that the country must work with China to reduce non-tariff barriers to agriculture trade, including improving the process for genetically modified goods. Brazil is the world’s largest exporter of soybeans, the vast majority of which are genetically modified organisms (GMO). Many newer GMOs, […] Read more

CBOT July 2019 corn (candlesticks), with July 2019 soybeans (green line). (Barchart)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Bear market aches for bull news

By GFM Network News April 17, 2019

MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more

CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, wheat firm in late rally, end week lower

By GFM Network News April 12, 2019

Chicago | Reuters — U.S. corn and wheat futures edged higher on Friday, lifted by a late round of short-covering and worries about planting delays following a blizzard this week, traders said. Soybean futures closed flat in dull trade. Chicago Board of Trade May corn settled up one cent at $3.61 per bushel, staying inside […] Read more

The AltEn ethanol plant at Mead, Neb. on March 21, 2019. (Photo: Reuters/Humeyra Pamuk)

Corn, Crops, Markets, Reuters, Weather

Midwest floods hammer U.S. ethanol industry

By GFM Network News April 8, 2019

New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths of an ethanol industry that […] Read more

Livestock, Markets, Reuters

JBS predicts profits will be stronger this year

By GFM Network News March 29, 2019

Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a […] Read more

Alberta Crop Report: Higher-than-average yields expected

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse

U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop

GFM Network News