Brazil’s lower house voted last night to impeach President Dilma Rousseff, and the Senate now has 10 sessions to decide if it wishes to move forward with the proceedings. All of this political uncertainty and the currency issues there have aided the recent strength in the soy complex.
Brazil’s lower house voted last night to impeach President Dilma Rousseff, and the Senate now has 10 sessions to decide if it wishes to move forward with the proceedings. If it does vote to do so, Rousseff would have to step aside from her position for 180 days while charges are investigated. Power during that period will transfer to Vice President Temer, considered to be a seasoned politician and constitutional scholar. If two-thirds of the Senate eventual...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
