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SAO PAULO, Oct 20 (Reuters) - The board of Brazilian
meatpacker JBS SA elected Jeremiah O'Callaghan to
the post of chairman, the company said on Friday in a securities
O'Callaghan has been investor relations director for 10
years at JBS. He will replace Tarek Farahat, who will hold a
position as 'global advisor' while still keeping a board seat at
the company's U.S. subsidiary Pilgrim's Pride.
Cledorvino Belini, former head of Fiat in Brazil, will
become a JBS board member, the company said.
(Reporting by Marcelo Teixeira)
* Corn hovers near contract lows as U.S. harvest advances
* Soybeans also weak, but soyoil firms on biodiesel optimism
* CBOT wheat falls to lowest since late August
It’s almost impossible to rally wheat futures if world cash prices are moving lower.
By Chris Prentice
NEW YORK, Oct 20 (Reuters) - Thailand has slapped tariffs on
sugar likely to hit $9 million worth of U.S. beverage exports,
the U.S. Agriculture Department said on Friday, as one of the
top producers of the sweetener joins a growing list of regions
implementing such taxes.
(Adds detail to paragraph 1, farmer and Imea quotes)
SAO PAULO, Oct 20 (Reuters) - Brazilian farmers have planted
20 percent of the expected soy area so far in the 2017-18 crop,
consultancy AgRural said on Friday, with some producers
expressing concern regarding the progress of works due to a lack
of rains in key producing regions.
Planting is roughly in line with a five-year average of 19
percent for this period of the year, but behind last year's
level of 29 percent due to weather factors, the consultancy
The EPA has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand.
(Adds White House statement)
By Jarrett Renshaw
NEW YORK, Oct 20 (Reuters) - The U.S. Environmental
Protection Agency has backed off a series of proposed changes to
the nation's biofuels policy after a massive backlash from
corn-state lawmakers worried the moves would undercut ethanol
demand, according to a letter from the agency to lawmakers seen
Oct 20 (Reuters) - The U.S. Environmental Protection Agency
told lawmakers that its abandoning efforts to reform the
nation's Renewable Fuel Standard and drive the price of the
program's credits down.
The move represents a big win for the corn lobby and a major
defeat for refiners seeking the changes.
The following are various reactions to the news:
* Feeder cattle settles firmer
* Lean hog market extends gains
* USDA cattle report at 2 p.m. CDT
The U.S. dollar is higher, but demand remains strong.