Agriculture

• Wednesday, March 14th 2018 - 09:12 UTC

  Brazil forecasts 87.28 million tons of corn and 113.02 million tons of soybeans

  

  Brazil will harvest 87.28 million tons of corn in the 2017-18 season, federal government crop agency Conab said in a monthly report, down from 88 million tons in its February report. The 2016-17 harvest was 97.84 million tons.

• Friday, March 9th 2018 - 09:48 UTC

  Brazil downplays latest chapter of the “Weak Flesh” investigation

  

  Brazil does not face any risks of countries instituting new bans on Brazilian meat imports after the latest phase of the “Weak Flesh” investigation into companies accused of committing fraud to avoid safety checks, Agriculture Minister Blairo Maggi said on Wednesday.

• Wednesday, March 7th 2018 - 09:51 UTC

  “Weak flesh” reignites in Brazil's major food processor and world's largest poultry exporter

  

  Brazilian police arrested the former chief executive of major food processor BRF SA on charges that he and other executives knew the company, the world’s largest poultry exporter, engaged in fraud to evade food safety checks. Shares in BRF plunged 19% on the Sao Paulo stock exchange as the arrest compounded concerns about BRF’s leadership following a 1.1 billion Reais loss last year.

• Wednesday, February 28th 2018 - 09:37 UTC

  Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth

  

  A prolonged drought wreaking havoc on Argentina's soybean and corn crops could threaten the country's economic performance in 2018, an official said, as the country seeks to grow for a second straight year after several years of biting recession.

• Saturday, February 24th 2018 - 09:10 UTC

  Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down

  

  The lack of rain triggered by the La Nina weather phenomenon has prompted the Rosario Exchange to cut its forecast of Argentina’s 2017/2018 corn and soybean crop by 12% and 10%, respectively, making it one of the most bearish analysts in the market.

• Friday, February 23rd 2018 - 09:21 UTC

  Mexico buying more Brazilian corn over concern with NAFTA negotiations

  

  Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.

• Friday, February 23rd 2018 - 09:13 UTC

  Argentine farmers agree to pay royalties to seed companies like Monsanto

  

  Argentine farmers have agreed to pay perpetual royalties when they replant genetically modified seeds made by companies like Monsanto Co, a deal that could allow farmers access to the newest biotechnology.

• Thursday, February 22nd 2018 - 09:20 UTC

  US share of global sales of soybean and grains to shrink as South American competition grows

  

  The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual report.

• Wednesday, February 21st 2018 - 09:02 UTC

  Second corn-based ethanol plant in Matto Grosso: 680m liters per year

  

  FS Bioenergia, a joint venture between Brazilian and U.S.-based investors, said on Tuesday it will build its second corn-based ethanol plant in Brazil’s top grains-producing state of Mato Grosso. FS Bioenergia, the first venture to build a 100 percent corn-based ethanol plant in Brazil - where basically all ethanol is made from sugar cane - said it will spend 1 billion reais (US$ 308 million) on the project.

• Wednesday, February 21st 2018 - 08:53 UTC

  Illinois farm industry concerned with main competitors Argentina and Brazilian growth

  

  A market study tour in January to Argentina and Brazil by the US state of Illinois Farm Bureau helped farm bureau leaders and Illinois farmers learn more about their chief competitors. Tamara Nelsen, senior director of commodities at the Illinois Farm Bureau, said the original plan to go to Canada and Mexico was scrapped due to anti-trade rhetoric, which led experts to point them to South America.