Brazil soy area to grow at the slowest pace in 13 years

SAO PAULO, (Reuters) – The area in Brazil to be planted with soybeans in the 2019-20 season, which starts this month, will grow by the slowest pace in 13 years as a global trade war and swine fever in China cloud the outlook for farmers, according to analysts at AgRural. The agribusiness consultancy expects Brazil’s […] Read more

Brazil soybeans coveted by China, local crushing industry

SAO PAULO, (Reuters) – Brazil’s soybean market got another boost this week with local oilseeds processors increasingly competing with Chinese buyers for one of Brazil’s most prized export commodities, causing prices in local currency to spike. While traders reported Chinese buying more than 1 million tonnes of soybeans from Brazil and Argentina in the last […] Read more

A spate of farmer defaults in Brazil's top grain-producing state, Mato Grosso, has created headaches for global traders who are among farmers' main creditors. | File photo

Brazilian oilseeds group: Traders may cut farmer credit due to defaults

SAO PAULO, (Reuters) – Abiove, Brazil’s oilseeds industry group, said on Tuesday that commodities traders may reduce financing to farmers by around 50 percent for the new crop (2019/20) due to defaults and bankruptcy protection requests in the sector. Patrícia da Silva, Abiove’s tax and legal affairs manager, said the potential reduction in farmer loans […] Read more

The United States and Brazil on Tuesday announced steps aimed at lowering barriers to agricultural trade, focusing on wheat, pork and beef. The United States is Brazil's largest wheat supplier outside of Mercosur. | File photo

Brazil-U.S. wheat deal catches major supplier Argentina off guard

BUENOS AIRES/SAO PAULO, (Reuters) – Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro’s agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without applying the 10 percent tariff that is usually levied on such purchases. Wheat growers in Argentina’s Pampas farm […] Read more

Brazil to import 1 mln tonnes of soy from U.S., says trader

SAO PAULO, (Reuters) – Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, […] Read more