brazil

China Passing on U.S. Soybeans, Purchasing from Brazil

Dan Exports/Imports, Industry News Release, Soybeans, Trade

China soybean processors are purchasing record volumes of Brazilian soybeans and cutting purchases of U.S. soybeans. U.S. soybeans face steep tariffs in China thanks to the ongoing tit-for-tat trade war between the U.S. and China. A Singapore-based trader told Reuters that China is “willing to pay higher prices for Brazilian beans than what domestic crushers are paying.” Brazil’s typical soybean …

soybean

Brazil to Plant Record Soy Crop for 2018/19

Dan Industry News Release, Soybeans

Farmers from Brazil are expected to plant another record soybean crop. This would be the 12th consecutive year that Brazil plants a record land area of soybeans, amid strong demand from Asia. Reuters reports that Brazil is likely to expand the area to a record 36.28 million hectares, the equivalent to 89.65 million acres, this season, which farmers will start …

perdue

Brazilian Judge Suspends Glyphosate Use

Dan Environment, Industry News Release

A Brazilian judge has suspended the use of products containing glyphosate. The federal judge halted new registrations of products containing glyphosate and will suspend existing registrations while the Brazilian government reevaluates the toxicity of glyphosate products, according to Reuters. The decision, however, could face several appeals. Brazil’s public health agency, as well as the Agriculture Ministry, have announced plans to …

brazil

Brazil Trucker Strike Disrupting Ag Exports

Dan Exports/Imports, Field Crops, Industry News Release, Pork, Poultry

The Brazilian trucker strike has officially disrupted supply and exports of farm products from one of the biggest ag exporting countries in the world. A Reuters report says Brazil is the top exporter of soybeans, sugar, coffee, and chickens. The strike over high fuel prices has brought Latin America’s largest economy to a complete stop. Roads are empty and major …

truck drivers

Brazil Truck Drivers Quit Working Because of High Diesel Prices

Dan Economy, Energy, Industry News Release

Brazilian truck drivers were protesting high diesel prices for a fourth day this week on Thursday. The truckers don’t plan to quit with blockades until measures to reduce fuel taxes are enshrined in the official gazette. Protests have been crippling highways across the nation. Brazil’s lower house of Congress voted to reduce taxes on diesel. The Senate has yet to …

investment

U.S.-China Trade War a Win For Other Nations?

Dan Industry News Release, Trade

A Politico report says the real winners of a trade war with China could be some of America’s top global trade competitors. As the two countries push toward a trade deal, long-term trends could be stacked against American producers when it comes to Beijing’s consumption. China will likely keep pouring resources into other countries in an attempt to diversify its …

soybean farmers

Soybean Farmers Can’t Replace Chinese Business

Dan Exports/Imports, Industry News Release, Soybeans

U.S. soybean exports could drop as much as 65 percent if the back-and-forth trade rhetoric battle between the two largest economies causes China to slap on retaliatory tariffs. Politico says that number comes from a soon-to-be-published report out of Purdue University. Earlier this month, China said it will put a 25 percent tariff on U.S. soybeans if President Trump follows …

eu

Senators Call for National Security Review of Brazilian Acquisition of U.S. Beef Company

Dan Beef, Industry News Release

A group of U.S. Senators are calling for a national security review of the Brazilian acquisition of a U.S. beef company. Senator Chuck Grassley of Iowa, along with Ranking Senate Agriculture Committee Member Debbie Stabenow, and others, are urging the Committee on Foreign Investment to review the proposed purchase of National Beef Packing Company by Brazil’s Marfrig Global Foods. The …

brazil

WASDE Report Predicts Record Soybean Crop for Brazil

Dan Corn, Industry News Release, Soybeans, Wheat

The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …

perdue

Countries Asking U.S. for Tariff Exemptions

Dan Industry News Release, Trade

European Union Trade Commissioner Cecilia Malmstrom is continuing to petition the United States for exemptions to the upcoming steel and aluminum tariffs. Politico quotes her as saying the tariffs will shake the transatlantic relationship between the countries if they go into effect. She told Commerce Secretary Wilbur Ross during a phone call that the EU “as a close security ally …