Category Archives: Brazil

Some Thoughts On Soybeans In Brazil & Argentina

I’ve talked extensively as of late about the concerns in Brazil and how producers may not plant as many soybean acres (as the trade originally thought) if the moisture levels don’t start increasing.  There is also some concern that producers in Argentina might ease back as well. Beside the “weather” there is also some political concerns in both nations.  The Presidential election in Brazil this Sunday (October 26th) could go either way. This is causing the Brazilian markets to be extremely volatile. Each poll or survey that is released showing the pro-business challenger Neves gaining momentum causes the Brazilian real to rally. Each survey or poll showing current President Rousseff gaining ground causes the real to slump. Remember, many global investors believe Rousseff has caused four years of sluggish growth and heavy-handed economic policy, so the thought of a NEW government is giving ALL Brazilian assets a boost.  In Argentina, with prices so low, some producers are simply saying they don’t want to take the risk in planting alongside all of the “unknowns” being handed down from the government.

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US, Brazil & Argentina Ports Tighten Security On Ebola Risks

Ports in the US, Brazil and Argentina have ramped up entry procedures for ships sailing from West Africa as they aim to prevent the potential spread of Ebola. The stricter regulations are expected to add delays to vessels traveling from West Africa as port official try to determine if there are any infected people on board, including not just ship workers but stowaways as well. The US Coast Guard announced it will start screening individuals coming into the US from Ebola hot spots. Brazil says any ships having docked in Ebola affected countries within the last 21 days must undergo an analysis of medical records and logs showing medicine used before being granted clearance to even dock in Brazilian ports. The origin countries are Guinea, Liberia, Sierra Leone, Nigeria and Senegal. Argentina’s new clearance criteria are similar. If Ebola is diagnosed, the ships will be placed under quarantine. The Panama Canal last month actually began monitoring the last 10 ports of calls of all arriving vessels. Any ships found having an Ebola case on board will be placed in quarantine until Maritime Sanitation officials declare it is safe for boarding. (Source: Reuters)