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GRAINS-Corn jumps 1%, on course for biggest weekly loss in nearly 2 years


Soybeans on course for 7th straight weekly gain
Wheat firms nearly 2% despite improved outlook
CANBERRA, May 14 (Reuters) - U.S. corn futures rose 1% on Friday to rebound from a two-week low touched earlier in the session, though the grain was on course to post its biggest one-week low in nearly two years as concerns over global supplies tempered.
Wheat rose more than 1.5% on Friday, drawing support from corn, while soybeans also firmed.
The most active corn futures contract on the Chicago Board Of Trade was up 1.2% at $6.82-1/4 a bushel by 0301 GMT, after hitting its lowest since April 30 of $6.66 a bushel earlier in the session. ....

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UPDATE 3-Argentine soy crusher Vicentin in talks to sell majority stake


(Adds details, background, byline)
BUENOS AIRES, May 13 (Reuters) - The once-mighty but now cash-strapped Argentine soy crusher Vicentin said on Thursday it is starting talks to sell a majority stake to export firms Viterra, Molinos Agro and Argentine cooperative ACA.
Argentina is the world’s No. 1 supplier of soymeal feed, used to fatten hogs and poultry from Europe to Southeast Asia. And family-owned Vicentin was the country’s top exporter of soy byproducts before falling into bankruptcy in 2019.
“A majority group of Vicentin shareholders have accepted a non-binding expression of interest presented by three companies, with extensive experience in the industry, to evaluate the possibility of acquiring a majority stake,” Vicentin said in a statement. ....

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UPDATE 2-Argentina soy crusher Vicentin starts talks to sell majority stake


(Adds details, background, byline)
BUENOS AIRES, May 13 (Reuters) - The once-mighty but now cash-strapped Argentine soy crusher Vicentin said on Thursday it is starting talks to sell a majority stake to export firms Viterra, Molinos Agro and Argentine cooperative ACA.
Argentina is the world’s No. 1 supplier of soymeal feed, used to fatten hogs and poultry from Europe to Southeast Asia. And family-owned Vicentin was the country’s top exporter of soy byproducts before falling into bankruptcy in 2019.
“A majority group of Vicentin shareholders have accepted a non-binding expression of interest presented by three companies, with extensive experience in the industry, to evaluate the possibility of acquiring a majority stake,” Vicentin said in a statement. ....

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