United States

Roberto Samora

Brazil rides wave of soybean sales to China as U.S. trade war rages

May 17 2019

SAO PAULO Soybean trading in Brazil has gained momentum in recent days, driven by a wave of Chinese demand, boosting prices and premiums paid at ports amid a weakening of the Brazilian currency, according to analysts.

Brazil soybean premiums rise as U.S.-China trade war escalates

May 13 2019

SAO PAULO, May 13 Brazil soybean premiums for June rose to $0.92 per bushel on Monday, in reaction to a U.S.-China trade war that is expected to spur demand, according to the Center for Studies in Advanced Applied Economics (Cepea).

Brazil's Vale slashes iron ore sales estimate after dam burst

Apr 18 2019

(This March 28 story corrects to reflect that annual sales estimate includes iron ore pellets in first and sixth paragraphs)

Vale expects to resume Brucutu mine operations within 72 hours: filing

Apr 16 2019

SAO PAULO Brazilian iron ore miner Vale SA said in a securities filing late on Tuesday that within 72 hours it expects to resume operations at the Brucutu mine, its largest in Minas Gerais state.

Large Brazilian coffee exporter files for bankruptcy protection

Apr 10 2019

SAO PAULO Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said on Wednesday.

Brazil's Vale announces writedowns, profit after dam disaster

Mar 27 2019

SAO PAULO Brazilian iron ore miner Vale on Wednesday announced a series of writedowns and provisions related to the Brumadinho tailings dam collapse that killed some 300 people two months ago, saying there would be an affect on future results.

Brazil sugar giant Raizen raises $233 mln, agrees $500 mln credit line

Mar 25 2019

SAO PAULO, March 25 Brazil's Raízen Energia SA, the world's largest sugar maker, raised 900 million reais ($233 million) using Agribusiness Receivables Certificates (CRA), the company's chief financial officer told Reuters on Monday.

U.S.-Brazil wheat deal worries local, Argentine farmers

Mar 20 2019

BUENOS AIRES/SAO PAULO Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro's agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without the 10 percent tariff that is usually required for such purchases.

UPDATE 1-Brazil northern port terminals could run out of soybeans by Friday -Abiove

Mar 07 2019

SAO PAULO, March 7 Two riverside ports in Pará state could run out of soybeans by Friday due to closures on the BR-163 highway linking the country's grain belt to port facilities in the north, Daniel Amaral, chief economist at oilseeds group Abiove, said on Thursday.

Brazil March soy exports seen down on U.S. competition, farmer hoarding

Mar 01 2019

SAO PAULO Brazil's soybean exports are expected to fall in March due to U.S. competition, farmer hoarding of beans due to low prices and forecasts for lower output in the world's top exporter of the oilseeds, according to market participants and shipping data.

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