Brazilian exports drop soybeans in Chicago
According to TF Agroeconômica, the soybean market on the Chicago Stock Exchange closed lower on Wednesday, reflecting the unfavorable scenario. The August 2024 soybean contract closed down 0.80%, at $1,020.25 per bushel. The September 2024 contract registered a drop of 0.86%, or $8.75 cents per bushel, […]
Second crop harvest exceeds 90% in Brazil, reports Conab
The National Supply Company (Conab) released its weekly monitoring of Brazilian second crops and updated the development stage of the 2023/24 summer corn crop and the second 2024 crop in Brazil. The second corn crop continues to be harvested, rising from 86% last week to 91.3% of the total cultivated […]
Strike over wages in the soybean industry in Argentina
Two soybean oil factory workers’ unions in Argentina announced a strike demanding higher wages on Tuesday (6), halting activities at one of the world’s largest export centers for processed soybeans. Agricultural powerhouse Argentina is one of the world’s leading suppliers of the oilseed derivative, widely used in various sectors […]
Aboissa: A new era with renewed mission, vision and values
In a dynamic and ever-changing world, we at Aboissa have reinvented ourselves to continue leading the commodities brokerage market. By updating our Mission, Vision and Values, we reinforce our commitment to innovation and the success of our clients. Our Mission “To create opportunities that drive the success of our clients.” […]
How are wheat crops in Rio Grande do Sul?
According to the Emater/RS-Ascar Informative Report, the week had sunny days and mild temperatures in Rio Grande do Sul. A cold front brought rain on July 27 and 28, reaching most of the state's producing regions. However, the precipitation volumes, less than 30 mm, were low and insufficient for […]
Heatwave could reduce Ukraine's corn harvest by 6 mln t
A record heatwave in July across most regions of Ukraine could reduce the 2024 corn crop by about 6 million tonnes from last year’s level, the Ukrainian Agrarian Council (UAC) farmers’ group warned. The group did not provide a forecast for the total harvest.
India's palm oil imports hit 1-year high
India’s palm oil and soybean imports in July hit their highest levels in about a year as refiners stepped up purchases following a price correction and in anticipation of a possible increase in import duties, six dealers said on Friday. The increase in […]
Tax equality for corn oil and bran
Law 14.943/2024, sanctioned by the federal government, amends the 2013 legislation to include corn bran and oil in the same tax regulation applied to soybeans. Furthermore, published in the Official Gazette on August 1, the change suspends PIS/Pasep and Cofins for corn. The change was approved by Congress in the first half of the year […]
Tensions remain high in Venezuela after disputed election
Shops and public transport in Venezuela came to a standstill on Wednesday amid election tensions, rumors of opposition arrests and sporadic violence. The electoral council also proclaimed socialist President Nicolás Maduro, who has ruled the country since 2013, the winner of Sunday’s vote. However, the opposition claims that with 90% of the votes counted, their candidate […]
