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Brazil: Record of grain harvest again
The Latin American country will produce 210 million tons of grain in the 2015-2016 period. In the previous period (2014-2015) Brazil set a new record with 209.5 million grains. Soybeans will again its flagship product.
Macri wants to turn Argentina in the world supermarket
The most professionalized exhibition of Argentine agroindustrial sector witnessed a historic landmark, no doubt testimonial. The presence of the president of the nation for the first time in Expoagro staged changing agricultural policy. The previous government had decided to interventionism and control of exports of agricultural products. Instead, Macri Administration is implementing and stimulating measures such as the reduction of withholding tax, currency devaluation and removes obstacles to sell more across borders. Obama's visit to the country is another opportunity to reopen or improve access to the US market for some of its productions.
World prices for wheat exports are on sale
Data from the European Commission (EC) said the international prices of wheat exports become cheaper up to 40% over a year. The behavior of other commodities such as barley, corn and soybeans, also suffers falls.
Cereal production near of the edge of milestone
The International Grains Council (IGC) expects world cereal production to decline by only 1% in 2015-2016 compared to last year's record, thanks to the large stocks, is expected to total supply reaches a new high. Although the increase in supply will be absorbed largely by strong demand, it is expected that stocks reach their highest figure in 29 years.
China promotes soybean imports
This legume imports by China grew 44% in September to establish itself as the largest buyer of soybeans world during the last quarter.
About 2,600 fewer employees at Monsanto after suffering losses
The multinational biotechnology and seed the largest manufacturer in the world has announced it will eliminate about 2,600 jobs over the next two years, representing 12% of its workforce, to offset their losses from the decline in global prices commodity. Its benefits have fallen by 15.5% to 2,310 million.
Argentina: Farming companies encourage R & D in soybean
Groups CREA in Southern Santa Fe focused their research to get greater yields of the legume with high protein level. After three years of testing, the results show that there is a positive relationship between well-fed crops and high levels of both yields and protein.