South America

Soy ships head to Brazil early, expect to pay heavy delay costs

Big trading houses are dispatching an armada of ships to Brazil hoping for a good spot in line to load up a record soybean crop that will largely not hit local ports for a few more weeks. FULL STORY »

Rain needed by month's end for Argentina to hit corn target

Argentina needs rain by the end of the month to maximize corn yields and to realize forecasts that the global supplier will have a record harvest of 28 million tons, farmers and agronomists say. FULL STORY »

Argentine soy exports flat despite Mississippi River woes

Grains powerhouse Argentina lacks the soybean reserves needed to compensate for potential U.S. supply bottlenecks cause by low Mississippi River levels, putting the spotlight on neighboring Brazil, where harvesting has already begun. FULL STORY »

Worst drought in decades hits Brazil's Northeast

Brazil's Northeast is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers. FULL STORY »

Argentine crushers low on soybeans, new supply months away

Argentina's soy crushers are running low on beans, causing plants to suspend operations and worry about losing clients, as a December-January drought has slowed supply of raw soybeans to a trickle. FULL STORY »

Argentine soy, corn sowing slowed by driving rains

Key Argentine corn and soy areas have been drenched by storms this month, keeping some fields under water and delaying planting while toxic fungus, bred by the excessive moisture, moves in on wheat fields. FULL STORY »

Rain delays planting in Argentina

As of last Thursday, the Argentine government said 58 percent of the soybean crop had been planted, lagging last season's seeding tempo by 8 percentage points. Growers had planted 63 percent of their corn by Thursday, lagging last year's pace by 10 percent, it said. FULL STORY »

Cargill says Mexico owes it $95 million in NAFTA dispute

U.S. agribusiness company Cargill Inc. filed a suit in a U.S. court on Tuesday to compel Mexico to pay a $94.6 million award over trade barriers the company says Mexico put up against high-fructose corn syrup from 2002 to 2007. FULL STORY »

EU trade chief calls on Mexico to reopen trade pact with Europe

Europe and Mexico need to go back to the negotiating table to rework their 12-year-old free-trade agreement to include services and agriculture, the European Union's top trade official said on Monday. FULL STORY »

September beef exports fall, pork remains steady

U.S. pork exports in September were steady with last year’s volume, while beef exports were well below a year ago. Despite sluggish volumes, however, the value of both pork and beef exports through the third quarter of 2012 remains ahead of last year’s record-setting pace. FULL STORY »

Update on South American soybean crops

November is the most important month for soybean planting progress in South America’s two largest producers, Argentina and Brazil. FULL STORY »

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