Items Tagged with 'Brazil'

The USDA said Friday bumped up its forecast for U.S. soybean exports and dropped its prediction for ending stocks as Chinese demand remains strong and competition from Brazil is less than expected.

Chinese buyers have contracted this week to buy 1.347 million metric tons of U.S. corn, the latest large daily purchase in an effort to lock down supplies after the Russian invasion of Ukraine cut off exports from the country.

Agri-Pulse Daybreak: Budget process kicking off * Fortenberry resigning * USDA revises supermarket prices for 2022 upward * Ukraine gets new ag minister

Brazil’s Ministry of Economy announced Tuesday that beginning Wednesday, Brazil will suspend its 18% tariff on ethanol imports for the rest of 2022 in an inflation-cutting effort to reduce fuel prices domestically.

USDA expects U.S. ag exports to hit a new record this year and projects continued strong prices for major commodities this year while acknowledging that Russia's invasion of Ukraine has injected new uncertainty into world markets.

USDA trimmed its forecast for South American soybean production Wednesday, supporting traders’ expectations and a bump in futures prices.

It's dry in Argentina, Paraguay and the southern states of Brazil, and market watchers are going to be paying close attention in the weeks and months to come as the South American soybean crops are harvested.

Brazil has given the green light for imports of flour made from genetically modified wheat that’s being grown and harvested in Argentina, creating a pathway for potential acceptance around the globe.

House Democratic leaders are pressing for a vote on President Biden’s Build Back Better bill by the end of the week.

The House is close to finishing work on a seven-bill package of fiscal 2022 spending measures needed to fund USDA, EPA and other departments and agencies important to agriculture.