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By Michael Hirtzer
CHICAGO, May 24 (Reuters) - Chicago Mercantile Exchange live
cattle futures fell nearly 1 percent on Thursday,
pressured by fears of lower trades in cash cattle markets and
positioning ahead of a government supply report due on Friday,
The U.S. Department of Agriculture was set to release its
monthly Cattle on Feed report during Friday's session, one of
only a handful of the reports that will come out during the
trading day this year.
* Wheat hits 10-month high on weather, turns lower
* Corn, soy slip from early highs on hedge-related selling
(Recasts with grains closing lower, adds closing prices)
By Karl Plume
(Adds letter from farm groups, crop estimate context)
By Hugh Bronstein and Maximiliano Rizzi
BUENOS AIRES, May 24 (Reuters) - Argentina may halt the
gradual lowering of soybean export taxes as the government
speeds up its deficit-cutting effort, Treasury Minister Nicolas
Dujovne said on Thursday, prompting push-back from farmers
already hurting from a soy crop reduced by drought.
BRASILIA, May 24 (Reuters) - Brazilian Senate President
Eunicio Oliveira has called an extraordinary Friday session to
consider diesel fuel tax cuts demanded by protesting truck
drivers, leaders of the Democrats (DEM) party said on Thursday.
Cassio Cunha Lima, vice president of the upper chamber, also
called on senators to return from their states to the capital
Brasilia to revive stalled legislative efforts addressing a
four-day trucker protest paralyzing much of Brazil's economy.
(Reporting by Maria Carolina Marcello
Editing by Tom Brown)
Merging technologies help farmers recognize problem zones faster so they can develop the ideal prescription and improve yield.
Mike McGinnis gives the market report for Thursday, May 24, 2018.
(New throughout with comments, details from Agroconsult)
SAO PAULO, May 24 (Reuters) - A severe drought has
compromised Brazil's second corn, the country's largest crop of
the cereal, which is now expected to be 10 million tonnes lower
than last season, consultancy Agroconsult said on Thursday.
The firm, which is leading a crop tour of Brazil's top
producing areas, forecast the second corn crop will likely fall
to around 57 million tonnes, reducing its previous view by more
than 3 million tonnes.
After a nice run-up this week, investors skimmed profits Thursday.
(Recasts with stalled legislation, comments from ag minister,
government official, ABCAM, ABPA, Coamo and Cooxupé)
By Lisandra Paraguassu and Leonardo Goy
BRASILIA, May 24 (Reuters) - A trucker protest paralyzing
swathes of the Brazilian economy stretched into a fourth day on
Thursday as legislative efforts to cut diesel taxes stalled,
raising the prospect of highway and port blockades stretching
into next week.