Brazil to open farmland, airlines to foreign buyers

Brasilia | Reuters — President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday. Temer’s centre-right government plans to send Congress a bill allowing 100 per cent foreign ownership […] Read more




(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy firms on technicals

Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more



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JBS scraps reorganization after Brazil veto

Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, Sao Paulo-based JBS […] Read more