Brazil Archives - Page 36 of 53

JBS shareholder Batista arrested in food sector corruption investigation

By GFM Network News November 9, 2018

Rio de Janeiro | Reuters – Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. A member of JBS’ controlling family Joesley Batista is expected only to […] Read more

Employees load soybeans onto the China-bound cargo ship Kypros Land at Tiplam terminal in Santos, Brazil in March 2017. Photo: Reuters/File/Paulo Whitaker

Reuters, Soybeans

Brazil in talks to boost soymeal exports to China

By GFM Network News November 5, 2018

Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more

Russia had placed temporary restrictions on imports of pork and beef products from Brazil in 2017. Photo: Getty Images

Beef Cattle, Hogs, Reuters

Russia to resume beef, pork imports from Brazil

By GFM Network News October 31, 2018

Moscow/Sao Paulo | Reuters – Russia’s agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products. Russia’s Rosselkhoznadzor had placed temporary restrictions on imports of pork and beef products from […] Read more

CBOT December 2018 corn (in black) and November 2018 soybeans (in green). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans hit one-week low on export woes

By GFM Network News October 19, 2018

Chicago | Reuters — U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said. Corn futures fell for a fourth straight session and also notched a weekly drop, while wheat futures firmed after a three-session slide. Chicago Board […] Read more

Beef Cattle, Livestock, Reuters

Brazil’s regulator rejects JBS settlement deal

By GFM Network News September 26, 2018

Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more

Crops, Machinery, Markets, Reuters

ADM ramps up ethanol sales in Chicago, irking rivals

By Michael Hirtzer, GFM Network News September 12, 2018

New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company’s rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, […] Read more

A soybean plantation in Brazil. (MailsonPignata/iStock/Getty Images)

Crops, Reuters

Brazilian court overturns ban on glyphosate

By GFM Network News September 4, 2018

Brasilia | Reuters — A Brazilian court on Monday overturned an injunction banning products containing the herbicide glyphosate, knocking down a previous ruling that had been set to disrupt the soy planting season set to begin this month. A Brazilian judge ruled last month to halt the registration of new glyphosate-based products in the country […] Read more

Crops, Markets, Reuters

U.S. grains: Markets rise on corn export demand, crop worries

By GFM Network News July 19, 2018

Chicago | Reuters — U.S. grain futures rose on Thursday on strong demand for corn and worries that harvests may be smaller than expected due to unfavourable global weather. Soybean futures shook off early losses to end higher despite concerns about the ongoing trade battle with China, the world’s top buyer of the oilseed. Last […] Read more

Ripe soybeans near Morden, Man. on Sept. 14, 2017. (Allan Dawson photo)

Crops, Markets, Reuters, Weather

U.S. grains: Markets set one-week highs on export hopes, weather woes

By GFM Network News July 18, 2018

Chicago | Reuters — U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export demand helped support soy prices after the market fell to a 10-year low on Monday amid widespread concerns about the […] Read more

Crops, Reuters, Soybeans

Brazil judge orders Monsanto to deposit royalties related to GMO seed

By GFM Network News July 4, 2018

Sao Paulo | Reuters — A Brazilian judge has ordered local units of Monsanto to put royalties related to a GMO soy seed technology in an escrow account, in a decision likely to hinder the U.S. seed company’s ability to collect royalties from the business. The July 3 ruling relates to a patent dispute between […] Read more

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

GFM Network News