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Brazil's slow soybean harvest widens U.S. export window


4 Min Read
SAO PAULO/CHICAGO (Reuters) - Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.
FILE PHOTO: A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil, February 18, 2018. REUTERS/Ueslei Marcelino/File Photo
Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic. ....

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EU diplomats say it is up to Brazil to save Mercosur trade deal


3 Min Read
BRASILIA, Feb 10 (Reuters) - The free-trade treaty reached between the European Union and the South American bloc Mercosur will not get signed if Brazil does not show concrete steps toward reducing deforestation in the Amazon, European ambassadors said on Wednesday.
“We need facts. If there are no advances, it will not be possible to sign this agreement,” Ignacio Ybañez, EU ambassador to Brazil, told reporters.
If that does not happen, the European Commission will not be able to present the deal that took two decades to negotiate to the European Parliament for ratification, he said.
“We will continue to be demanding with Brazil until there are concrete results. Brazil knows what has to be done,” Ybañez said. ....

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