Commodities reporter
Reese's Feed
Jan 24, 2013

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

SAO PAULO, Jan 24 (Reuters) – 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.

The price of Panamax shipping capacity on the global market
has responded in anticipation of bumper grain crops approaching
harvest in South America. Baltic drybulk prices have
risen 15 percent so far in 2013.

Dec 17, 2012

Egypt, Russia may restrict Brazil beef on mad cow doubts

SAO PAULO/SKOLKOVO, Russia, Dec 17 (Reuters) – Russia and
Egypt, the No. 1 and No. 3 importers of Brazilian beef, may ban
shipments of the meat from the state of Parana, which registered
a case of atypical mad-cow disease earlier this month, Russian
and newspaper sources said.

But both foreign markets are likely to continue to buy large
volumes of beef from other states of the world’s largest
supplier, highlighting the still-limited impact of the atypical
case of bovine spongiform encephalopathy (BSE), commonly called
mad cow disease, on Brazil’s grass-fed beef industry.

Nov 14, 2012

JBS to beef up production from grass-fed Brazil herd

SAO PAULO, Nov 14 (Reuters) – JBS SA, the world’s
biggest meat company, is betting on Brazil’s grass-fed beef
industry to win gl obal m arket share as high grain prices squeeze
production in other countries.

In the coming months, the family-run company will open six
additional slaughterhouses that will increase its beef
production capacity in Brazil by 15 percent, Chief Executive
Wesley Batista said on Wednesday.

Oct 23, 2012

Analysis: Prices drive soy farming into Brazil cattle country

NOVA XAVANTINA, Brazil (Reuters) – Farmers like Endrigo Dalcin are so keen to plant Brazil’s biggest-ever soybean crop that they are tearing down the fences around once-sacred territory: pastures that feed the world’s largest commercial cattle herd.

After the worst drought in 56 years roasted U.S. crops and drove soy prices to an all-time high of almost $18 a bushel, sowing soybeans promises landowners such as Dalcin three times the returns that grazing cattle on grass can.

Oct 23, 2012

Prices drive soy farming into Brazil cattle country

NOVA XAVANTINA, Brazil, Oct 23 (Reuters) – Farmers like
Endrigo Dalcin are so keen to plant Brazil’s biggest-ever
soybean crop that they are tearing down the fences around
once-sacred territory: pastures that feed the world’s largest
commercial cattle herd.

After the worst drought in 56 years roasted U.S. crops and
drove soy prices to an all-time high of almost $18 a bushel,
sowing soybeans promises landowners such as Dalcin three times
the returns that grazing cattle on grass can.

Aug 1, 2012

Brazil truck strike ends after deal with government

BRASILIA/SAO PAULO, July 31 (Reuters) – Brazilian truckers
ended a week-old strike on Tuesday after agreeing to start talks
with the government, in a stoppage that had raised worries over
food prices as it disrupted the flow of goods in the country’s
heavily populated southeast.

Truckers were protesting the government’s move in June to
require drivers to rest at least 10 to 12 hours a day in an
attempt to reduce accidents and improve road safety.

Jul 31, 2012

Brazil truck strike begins to bite, talks planned

SAO PAULO, July 31 (Reuters) – Brazilian truckers, on strike
for seven days, are set to meet with transport minister on
Tuesday afternoon, a meeting that could end the work stoppage
that has begun to disrupt the flow of goods in the country’s
heavily populated southeast,

Truckers are protesting the government’s move in June to
require drivers to rest at least 10 to 12 hours a day, as an
attempt to reduce accidents and improve road safety.

Jul 26, 2012

Vale says well-positioned for slowdown, eyes recovery

SAO PAULO/RIO DE JANEIRO, July 26 (Reuters) – Brazil’s Vale
sought to reassure investors on Thursday that it is
well-positioned to weather a slowdown in Chinese demand, a day
after it posted its worst earnings results in two years.

On a conference call to discuss second-quarter results, Vale
executives said the company’s low-cost production model would
help shield it from the drop in demand for metals. They also
said the company expects the global iron ore market to rebound
soon, even though prices show no signs of an imminent recovery.

Jul 25, 2012

Brazil’s Vale profit slumps on China, currency woes

SAO PAULO, July 25 (Reuters) – Brazil’s Vale
became on Wednesday the latest victim of
China’s economic slowdown after second-quarter profit tumbled
because of slowing demand for iron ore that will spill over into
the coming quarters.

Net income at the world’s largest producer of the mineral
hit its lowest level in more than two years, underscoring its
dependence on Chinese purchases of its flagship product. Profit
also plummeted after a weakening Brazilian currency lifted
debt-servicing and the use of derivatives for hedging.

Jul 25, 2012

Vale’s second-quarter profit down, misses estimates

SAO PAULO (Reuters) – Brazil’s Vale (VALE5.SA: Quote, Profile, Research, Stock Buzz)(VALE.N: Quote, Profile, Research, Stock Buzz) became on Wednesday the latest victim of China’s economic slowdown after second-quarter profit tumbled because of slowing demand for iron ore that will spill over into the coming quarters.

Net income at the world’s largest producer of the mineral hit its lowest level in more than two years, underscoring its dependence on Chinese purchases of its flagship product. Profit also plummeted after a weakening Brazilian currency lifted debt-servicing and the use of derivatives for hedging.

    • About Reese

      "I'm a ten-year Reuters commodities reporter in Brazil. The economic coming of age of the emerging markets has elevated the importance of the country's mineral and agricultural potential. After a decade here, I still feel as though I've only scratched the surface in understanding the country's wealth and diversity in commodities markets ranging from soybeans, sugar, coffee and orange juice to iron ore, petroleum and timber."
    • Contact Reese

    • Follow Reese