A USDA attaché report for Brazil has increased the 2022/23 forecast for the country’s soybean production to 153 million metric tons (MMT). It also revises upwards its soybean export estimate to 97MMT, a new record.
In what has been a mixed day for markets, weather forecasts for large parts of US winter wheat are now once again showing little beneficial rainfall over the next week and uncertainty remains around crop conditions, say UK-based agri-commodity specialists.
Officials in Argentina’s Sante Fe providence have ordered mandatory talks between protesting port workers and companies to try and end a ports blockage that is preventing grain shipments, writes The Rio Times.
Tensions are rising in Argentina over the government decision to expropriate the financially challenged, Vicentin SAIC, a diversified agribusiness and one of the largest Argentinian-owned exporters of soybean meal and other soy-based products.
Financially challenged, Vicentin, a diversified agribusiness and one of the largest Argentinian-owned exporters of soy and soy products, has asked a national court to begin bankruptcy-protection proceedings, reported Bloomberg Law.
Cargill has moved to clarify what its current trading relationship is with Nestlé, following the report in the Wall Street Journal (WSJ) that the leading food and beverage company had stopped buying Cargill’s Brazilian soy because of concerns about the...