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(Bloomberg) -- More than two dozen companies, including British grocer J Sainsbury Plc, Swiss food giant Nestle SA and French yogurt maker Danone SA, are backing a U.K. initiative to stop soy shipments from deforested regions of the world. A total 27 firms signed the UK Soy Manifesto, a new industry commitment to ensure physical soy shipments to the U.K. aren't grown from areas where forests were cut down or native vegetation was converted into farmland after January 2020. [Extracted from the article]

MORE: Fertilizer Spike Hits European Farmers at Heart ofPlanting Brazilian President Jair Bolsonaro said last week that thecountry faces the risk of fertilizer shortfalls next yeardue to falling Chinese production in the wake of high energycosts. (Bloomberg) -- Brazilian farmer Antonio Carlos Jacobsenusually buys fertilizer a few weeks before planting his cornfields. [Extracted from the article]

Bolsonaro's popularity has been hit in recent weeks by a surge in consumer prices, which Guedes says is now the economy's most pressing issue. (Bloomberg) -- Brazil's currency is being hit by investor uncertainty over next year's presidential election, even though the central bank is raising interest rates, economic growth is strong and the fiscal deficit is shrinking, Economy Minister Paulo Guedes said. About half of the jump in inflation has been caused by food and energy costs, Guedes said. [Extracted from the article]

(Bloomberg) -- Brazilian meatpackers are idling more capacity amid a protracted trade suspension with China and dwindling domestic demand for steak and other cuts of beef. About 60% of Brazil's beef exports were China-bound prior to the mad-cow cases. [Extracted from the article]

(Bloomberg) -- Brazilian meatpackers are idling more capacity amid a protracted trade suspension with China and dwindling domestic demand for steak and other cuts of beef. About 60% of Brazil's beef exports were China-bound through September. [Extracted from the article]

About 60% of Brazil's beef exports were China-bound prior to the mad-cow cases. (Bloomberg) -- Brazilian meatpackers are idling more capacity amid a protracted trade spat with China and dwindling domestic demand for steak and other cuts of meat. [Extracted from the article]

The sale of the JBS stake has been expected as part of the broader bank's plan to exit investments in private companies to replenish state coffers. (Bloomberg) -- Brazil's state development bank is weighing options to unload $4 billion in JBS SA stock rather than just selling the stake through a public offering as shares in Brazilian meatpacker soar, according to people familiar with the matter. [Extracted from the article]

The sale of the JBS stake had been expected for almost two years as part of the broader bank's plan to exit investments in private companies to replenish state coffers. (Bloomberg) -- Brazil's state development bank has withdrawn plans to sell its $4-billion stake in JBS SA through a public offering as shares of the world's largest beef producer surge to a record high. [Extracted from the article]

Demand for faux burgers is growing so rapidly that JBS SA, the world's biggest meat supplier, said it will likely set up a new global company focused solely on plant-based products. "Plant-based will help us to reduce this protein gap with more affordable products compared with animal protein, which will be more premium", Tomazoni said. Brazil-based JBS is just one of many sprawling, legacy food companies trying to up their meat-substitutes game as burgers and sausages made from plant proteins become mainstream. [Extracted from the article]

(Bloomberg) -- Some Brazilian soybean farmers are defaulting on forward sales made months ago when prices were lower, sparking lawsuits and potentially causing financial losses for trading houses. Considering soy local prices may have doubled since the forward sale, farmers can make more by paying the fine and selling the same beans in the spot market. [Extracted from the article]

(Bloomberg) -- Some Brazilian soybean farmers are defaulting on forward sales made months ago when prices were lower, sparking lawsuits and potentially causing financial losses for trading houses. While the defaults are still seen as isolated cases, buyers are growing more concerned that more farmers may take similar action, which could lead to financial losses if exporters have to buy beans in the spot market to cover their own sales overseas. [Extracted from the article]

(Bloomberg) -- The impact of Brazil's late soybean harvest has hit the roads of the nation's northern export route, ensnaring truckers in long lines and threatening further delays of shipments to China. "There's a backlog of soybean trucks due to harvest delays in Mato Grosso", Ferreira said in a phone interview, referring to Brazil's largest producing state. [Extracted from the article]

(Bloomberg) -- Soybean harvest delays in Brazil are creating one of the biggest-ever ship line-ups in the top exporter of the oilseed. "If the harvest doesn't accelerate in the coming days, exports may be even below 3 million tons this month", Grain export group Anec said Wednesday that shippers may fail to meet the line-up schedule, which foresees 7.6 million tons in February. [Extracted from the article]

(Bloomberg) -- There are signs that the food inflation that's gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse. Shrinking Herds Meat prices at retail grocery stores rise the most after farmers shrink their herds due to declining profits. [Extracted from the article]

(Bloomberg) -- Corn futures fell from a seven-year high after the U.S. trimmed its estimate for domestic inventory less than expected following a record Chinese buying binge. The inventory woes have sent corn, wheat and soybean futures to multiyear highs. [Extracted from the article]

(Bloomberg) -- Corn fell from a seven-year high after the U.S. trimmed its stockpile forecast less than what analysts expected following a record flurry of Chinese purchases. USDA raised its estimate for corn exports by 50 million bushels, reflecting big corn purchases by China. [Extracted from the article]

(Bloomberg) -- China, the world's biggest buyer of commodities, has been purchasing so much American corn and soy that supplies may shrink to fresh multi-year lows in the U.S.'s worldwide crop forecasts Tuesday. Soy Reductions Traders will also be scouring the report for possible cuts to soybean output in Brazil, which is the world's largest grower and exporter of the oilseed, due to weather issues. [Extracted from the article]

(Bloomberg) -- Brazil's federal government will require winners of an upcoming 5G spectrum auction to build a high security wireless network for its exclusive use, according to an order published late Friday. The Trump administration urged Brazil and other allies to block Huawei components in their 5G networks, saying they facilitate intellectual property theft and spying by Beijing. [Extracted from the article]

(Bloomberg) -- Argentine soybean workers reached an agreement on wage talks, ending a strike that had snarled shipments and fueled a surge in Chicago futures. The deal includes a 35% salary increase in 2020, an annual bonus equal to the 2020 salary with the 35% raise, an exceptional bonus for the employees who worked during the lockdowns, and a further 25% adjustment in 2021, according to the exporters chamber Ciara-Cec. [Extracted from the article]

(Bloomberg) -- A strike that's snarled Argentina's soybean industry will continue during the Christmas holidays, further delaying 170 ships currently waiting at ports. Soybean crushers at export plants agreed to extend a strike over wages during the Christmas season, according to a statement on the website of union group Federacion Aceitera. [Extracted from the article]

(Bloomberg) -- A strike that's snarled Argentina's soybean industry will continue during the Christmas holidays, further delaying 170 ships currently waiting at ports. Soybean crushers at export plants agreed to extend a strike over wages during the Christmas season, according to a statement on the website of union group Federacion Aceitera. The Argentinian strike has fueled soybean supply concerns at a time of vigorous global demand, sending prices of the oilseed above $12 a bushel, the highest in six years. [Extracted from the article]

(Bloomberg) -- A top U.S. retirement fund and a major sugar producer have found themselves embroiled in a probe into possible breaches of land-purchase rules in agricultural superpower Brazil. TIAA has a majority of Radar's preferred stock but only 49% of its ordinary shares with voting rights, giving control of Radar to Brazil's Cosan. [Extracted from the article]

(Bloomberg) -- Brazil's Amazon region has suffered more deforestation this year than any in the past decade. In its 2019 annual report, JBS announced that DNV-GL, a Norwegian social and environmental auditor, had confirmed that 100% of the cattle it acquired from the Amazon were compliant with zero-deforestation commitments made in 2009 among companies, public prosecutors, and groups such as Greenpeace. [Extracted from the article]

(Bloomberg) -- A top U.S. retirement fund and a major sugar producer have found themselves embroiled in a probe into possible breaches of land-purchase rules in agricultural superpower Brazil. TIAA has a majority of Radar's preferred stock but only 49% of its ordinary shares with voting rights, giving control of Radar to Brazil's Cosan. [Extracted from the article]

(Bloomberg) -- Brazil is close to an agreement that would allow the world's second-largest corn exporter to boost sales of the grain to China, a move that could threaten the U.S.'s dominance, according to people familiar with the matter. Brazil's Agriculture Ministry, Anec and China's embassy in Brazil declined to comment. [Extracted from the article]

(Bloomberg) -- Some of the world's largest food companies and grocers urged commodity suppliers including Archer-Daniels-Midland Co., Bunge Ltd., Cargill Inc. and Louis Dreyfus Co. to stop trading soybeans associated with deforestation in Brazil's Cerrado region, a savanna that is a hive of biodiversity and one of the country's most important carbon sinks. Abiove supports the idea of offering financial compensation for farmers who agree with zero deforestation in Cerrado, a more advanced practice than required by Brazil's environmental law. Deforestation, Conversion Cargill, which is not a signatory of the support statement, said it recognizes "the urgency to address deforestation and native vegetation land conversion in the Cerrado.". [Extracted from the article]

Sawyer expects American beef, pork and chicken producers to have 12% higher feed costs in 2021 than this year. Costs to raise birds rose 36% through October this year, while pork costs increased 41%, ABPA said, citing figures from Brazil's state-owned agricultural research agency Embrapa. [Extracted from the article]

(Bloomberg) -- A surge in Covid-19 cases is starting to impact American meat-processing operations in another potential threat to food supply chains that were upended in the early stages of the pandemic. Meanwhile, the U.S. meat industry wants its workers to be among the top priority for vaccines once health-care workers and people in long-term care facilities get shots, the North American Meat Institute said Thursday. [Extracted from the article]

(Bloomberg) -- Brazil's beef boom has already peaked, at least in terms of profitability. The company was able to partially offset higher costs with price increases in Brazil and export markets. [Extracted from the article]

(Bloomberg) -- Brazil's beef boom has already peaked, at least in terms of profitability. The supply of animals for slaughter is expected to stay low next year, keeping cattle prices high, according to Cesar de Castro Alves, agribusiness consultant at Itau BBA. [Extracted from the article]

(Bloomberg) -- Despite drought made worse by a La Nina weather system, Brazil's next soybean harvest may still be a record as farmers have planted crops more widely. In Parana, where planting is almost finished, crop conditions have deteriorated, while in Rio Grande do Sul farmers haven't been able to proceed with seeding due to low soil moisture. [Extracted from the article]

(Bloomberg) -- A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertilizer import needs if it proceeds. State-owned INB, which has a monopoly on uranium production in Brazil, formed a consortium with local fertilizer firm Galvani for the Santa Quiteria phosphate-uranium project. [Extracted from the article]

(Bloomberg) -- A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertilizer import needs if it proceeds. State-owned INB, which has a monopoly on uranium production in Brazil, formed a consortium with local fertilizer firm Galvani for the Santa Quiteria phosphate-uranium project. [Extracted from the article]