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By Ana Mano
ARLINGTON, Va., Feb 22 (Reuters) - Brazil has spent billions
of dollars improving its port infrastructure, but it will be
another 20 years before road, rail and waterway bottlenecks that
hamper agricultural exports are resolved, a top industry
economist said on Thursday.
Brazil is the world's top exporter of soybeans, sugar and
beef, and the second largest grains exporter. Improvements in
port capacity have ended chronic delays that plagued exports for
SAO PAULO, Feb 22 (Reuters) - Brazil's BRF SA
reported a 789 million reais loss in the fourth quarter of last
year, missing a consensus estimate of 212 million net income, as
the food processor failed to sustain a recovery started in the
By Karl Plume
CHICAGO, Feb 22 (Reuters) - Grain barge shipping came to a
near standstill in parts of the U.S. Midwest on Thursday as
recent heavy rain and melting snow swelled rivers, halted barge
loading and sidelined the towboats that haul farm belt crops to
Gulf Coast export terminals.
(Adds South Korea's decision to appeal ruling, changes
By Yuka Obayashi and Jane Chung
TOKYO/SEOUL, Feb 23 (Reuters) - The World Trade Organization
largely upheld a Japanese complaint against South Korean import
bans and additional testing requirements imposed on Japanese
seafood because of the 2011 Fukushima nuclear disaster.
At current prices, grain farmers are unlikely to make money if the record-high yields of 2017 retreat to average levels, said University of Illinois economist Gary Schnitkey.
CHICAGO, Feb 22 (Reuters) - Chicago Mercantile Exchange live
cattle on Thursday lost ground for a second day in a row,
weighed down by lower cash prices and an increased supply
outlook, traders said.
They said sell stops and fund liquidation contributed to
Some investors adjusted positions before the U.S. Department
of Agriculture (USDA) monthly Cattle-On-Feed report on
February live cattle, which will expire on Feb. 28,
closed 1.300 cents per pound lower at 128.350 cents. April
(Updates U.S. market activity to close)
By Michael Hirtzer
CHICAGO, Feb 22 (Reuters) - U.S. grain and soy futures were
about flat on Thursday in largely technical-driven trading as
investors awaited supply and demand estimates from an annual
Department of Agriculture forum due early on Friday.
(Adds financial details, company background.)
SAO PAULO, Feb 22 (Reuters) - Brazilian energy and logistics
company Cosan SA Indústria e Comércio on Thursday
reported a net profit of 686 million reais ($211.10 million) in
the quarter ended Dec. 31, up from 183 million reais a year
Cosan said it benefited from the recovery in the Brazilian
economy, citing larger fuel and natural gas sales compared with
the year-earlier quarter.
BUENOS AIRES, Feb 22 (Reuters) - The Argentine Chamber of
Biofuels (CARBIO) said on Thursday that increased U.S. duties on
Argentine biodiesel were "arbitrary and illegal" and would shut
Argentina out of the market in the United States.
The U.S. Commerce Department on Wednesday slapped
anti-dumping duties of between 60.44 percent to 276.65 percent
on biodiesel from Argentina and Indonesia, on top of already
steep anti-subsidy duties.
SAO PAULO, Feb 22 (Reuters) - Brazil's energy and logistics
company Cosan SA Indústria e Comércio reported on
Thursday a net profit in the quarter ended Dec. 31 of 686
million reais ($211.10 million) compared with 183 million reais
a year earlier.