Brazil
DuWayne Bosse, with Bolt Marketing says he was surprised at how well the corn market is handling the harvest pressure that is ramping up across the Corn Belt.
Craig Turner with StoneX says corn and soybeans saw additional profit taking Thursday and pressure from harvest pressure and record soybean production estimates for Brazil.
U.S. corn growers and ethanol producers once enjoyed a level playing field with Brazil.
Brazil’s environmental authorities seized around 7,000 illegal head of cattle in the Amazon and issued fines to several ranchers and slaughterhouses.
President Trump is poised to impose some of the highest tariffs among trading partners on Brazil.
Mark Knight with Farmer’s Keeper Financial says corn opened lower but was trying to recover early on short covering, but also following the strength in the wheat market. Soybeans fell further on tariff concerns.
Brazil’s National Energy Policy Council (CNPE) approved increasing the percentage of ethanol mixed in gasoline.
Agriculture is an export dependent business. At peak uncertainty, the industry could go either way: Gain ground with new trade deals or take a big hit as exports further decline.
There are 400,000 agricultural drones applying product to 300 crop types in over 100 countries around the globe today, helping farmers save money and steward a brighter future.
Brazil’s Mato Grosso farmers lobby Aprosoja-MT has filed a lawsuit against global grain companies over Brazil’s so-called “soy moratorium.”