Insights and Stories on Brazil

Brazil blocks JBS deal, seeks asset freeze

Jun. 21, 2017 at 3:33 pm CDT

Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite […]

Brazil federal police raid JBS on insider trade probe

Jun. 9, 2017 at 7:05 pm CDT

By Ana Mano Paula Laier

JBS parent to pay record fine in leniency deal

May. 31, 2017 at 12:40 pm CDT

By Ricardo Brito Tatiana Bautzer

JBS shares soar as speculation mounts over crisis fallout

May. 25, 2017 at 4:51 pm CDT

By Ana Mano

CBOT weekly outlook: Corn, soy rangebound

May. 24, 2017 at 3:50 pm CDT

By Jade Markus

U.S., China accelerate beef talks

May. 22, 2017 at 2:49 pm CDT

Chicago | Reuters — Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing U.S. farmers to vie for business that has been lost by rival Brazil. As part of […]

By Tom Polansek

Brazil watchdog opens new probes into JBS-related insider trading

May. 19, 2017 at 6:11 pm CDT

Sao Paulo | Reuters — Brazil’s securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J+F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company’s top executives. In a […]

By Alberto Alerigi Tatiana Bautzer

U.S. grains: Corn hits one-week high on weather worries

May. 19, 2017 at 5:47 pm CDT

Chicago | Reuters — U.S. corn futures rose nearly two per cent on Friday and notched a one-week high as worries about cool temperatures and excessive rains in the Midwest prompted traders to cover short positions ahead of the weekend, analysts said. Soybeans firmed following Thursday’s three per cent selloff […]

By Julie Ingwersen

JBS delays but does not give up on U.S. IPO plan

May. 16, 2017 at 12:55 pm CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, […]

By Reuters

Brazil police probe ag ministry for corruption

May. 16, 2017 at 11:17 am CDT

Sao Paulo | Reuters — Brazilian federal police started two separate investigations on Tuesday into suspected corruption at the Agriculture Ministry to benefit meatpacking, dairy and other food companies. The probes into whether inspection procedures were eased in favour of certain unnamed companies comes two months after the country’s meatpacking […]