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(New throughout, adds ABPA, Sindicarne quotes and new data)
By Ana Mano
SAO PAULO, May 25 (Reuters) - Brazilian food companies will
be reeling for months from the after-effects of a truckers'
protest that has blocked the country's main roadways this week,
industry sources said on Friday.
* Wheat holds near 10-month high
* Dry weather threatens crops in U.S., other wheat areas
* Soybeans rise after China books export purchases
(New throughout, adds quote, updates prices, changes dateline;
By Karl Plume
(Adds comments from union, context, grain and soy industry
By Allison Lampert
MONTREAL, May 25 (Reuters) - Canadian Pacific Railway
conductors and locomotive engineers on Friday rejected
the company's latest contract offer, with their union saying
negotiations would resume and raising the prospect of another
possible strike at Canada's second-largest railroad.
(Updates with Temer confirming federal forces to intervene,
adds Temer quote)
By Eduardo Simões
SAO PAULO, May 25 (Reuters) - Brazilian President Michel
Temer said on Friday he authorized federal forces to clear
highways blockaded by protesting truckers, whose actions have
paralyzed key sectors of the economy despite an agreement by
most trucking associations to end a five-day protest over diesel
Brazil's government authorized the military on Friday to clear highways blockaded by protesting truckers after the nationwide protests entered a fifth day.
By Michael Hirtzer
CHICAGO, May 25 (Reuters) - The number of cattle placed in
U.S. feedlots for fattening dropped by about 8 percent in April
from a year ago, but abundant animal supplies were available for
meat packers, suggesting beef will be ample and prices
potentially lower later this year.
The U.S. Department of Agriculture in a monthly report said
cattle placements in April totaled 1.695 million head, or 92
percent of the same month in 2017. That was slightly above
* China quietly signals to companies to buy U.S. soybeans
* Processors say market too weak to handle influx of U.S.
* U.S. surplus this season seen at 14 million tonnes
(Updates with USDA confirming soybean sales to China, analyst
By Hallie Gu and Dominique Patton
Beijing’s nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of government will over market forces.
As summer unfolds, the likelihood of farmers being caught with large amounts of inventory is less than it was a year ago.
It will take a year or two for U.S. ethanol to enter the Japanese market.