EU oilseeds overview: from oversupply to undersupply?
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Brazil’s central bank cuts target rate to 14.25pc
Brazil’s central bank cuts target rate to 14.25pc
Sao Paulo, 17 June (Argus) — Brazil's central bank lowered its target rate by a quarter point to 14.25pc today in its fourth meeting of 2026, while ongoing uncertainty over the Mideast Gulf war continues to weigh on the outlook. The decision to lower the rate, announced on Wednesday, followed similar 0.25pc cuts in March and April . Domestically, economic activity appears to be recovering from the previous quarter, and the labor market shows signs of resilience, the central bank's monetary committee Copom said. Despite inflation risks continuing to be higher than usual, the committee decided to maintain its cutting trajectory, it said. In the US, Federal Reserve policymakers kept the target rate unchanged Wednesday for a fourth meeting this year while penciling in a possible rate hike by the end of the year. Brazil's headline inflation accelerated to an annual 4.72pc in May . Inflation expectations, as calculated by the bank's Focus survey, remain above target at 5.3pc for 2026 and 4.1pc for 2027. Economic growth slowed to an annual 1.8pc in the first quarter, according to official statistics agency data. For full-year 2025, GDP growth slowed to 2.3pc from 3.4pc in 2024 By João Curi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Asia, Europe drive Brazil's ethanol demand: Panel
Asia, Europe drive Brazil's ethanol demand: Panel
Sao Paulo, 16 June (Argus) — Asian and European markets have been driving increasing demand for Brazilian ethanol, including for new market opportunities beyond road fuels, panelists said at the Argus Biofuels and Feedstocks Latin America conference in Sao Paulo on Tuesday. Global demand for ethanol from top biofuel producers Brazil and the US has grown on rising blend mandates in Asian countries such as Vietnam and India and higher fuel supply risks because of the war in the Middle East, Brazilian corn ethanol producer FS' commercial director Paulo da Cunha said. While US ethanol mostly heads to Asia and UK, there is a growing demand for Latin American — especially Brazilian — ethanol in Europe that could rise even more thanks to the recently adopted Mercosur-EU free trade agreement , Paraguayan corn ethanol firm Inpasa's trading director Renato Zicardi said. Brazil's domestic market isinvesting to supply sectors other than road transport, including the alcohol-to-jet route for sustainable aviation fuel and ethanol-fueled vessels, Cunha said. The International Maritime Organization has approved a corn-ethanol route for maritime transport, Zicardi said. Corn- and sugarcane-based ethanol complement each other and are not competitors, further supporting demand, Cunha said. The maturity and diversity of financing sources in Brazil for ethanol projects should help the sector develop in coming years without major hurdles, Spain-based bank Santander's project finance director Marcelo Sahatdjian said. By João Curi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil corn: Export market mulls
Brazil corn: Export market mulls
Sao Paulo, 15 June (Argus) — Brazil's export market continues to receive few price indications, as demand remains scarce and uncertainty weighs further on negotiations. The end-day levels for most offers and bids received for the Brazilian Santos/Tubarao and Barcarena/Itaqui cargo markets remained flat from Friday's closing levels, reflecting the lack of active sellers and buyers. The few price variations on Monday account for returns of previously absent market participants. Demand for the Brazilian grain is at a halt, with importers prioritizing the cheaper Argentinian product. In the meantime, sellers maintain prices at higher levels on elevated operational costs. Activity has quietened further following the announcement of a peace deal between the US and Iran. Market participants worry about how prices and demand will behave afterwards and prefer to keep the market at bay until there is more definition. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Algeria seeks milling wheat for loading in August
Algeria seeks milling wheat for loading in August
London, 15 June (Argus) — Algerian state grains buyer OAIC is looking to buy 50,000t of milling wheat for loading in August, in a tender closing this week. The buyer requested offers for wheat loading in August if from European and North American origins and one month earlier if loading from South America, India or Australia. This is OAIC's first large ports milling wheat tender since 8 May , when it booked at least 390,000t of wheat for shipment in July. Traders successful in this tender will likely look to the Black Sea's incoming new crop of wheat to ship to Algeria. By Erik Metaliaj Grains, oilseeds and veg oils tenders Buyer Issued Closes Status Cargo Shipment/delivery Price Seller Notes Algeria's OAIC 15-Jun Open 50,000t milling wheat August cfr Jordan's MIT 11-Jun 17-Jun Open 100,000-120,000t feed barley September-October cfr Aqaba Jordan's MIT 10-Jun 15-Jun Closed 100,000-120,000t milling wheat September-October cfr Aqaba Bangladesh's DGF 9-Jun 24-Jun Open 50,000t milling wheat 25 days after contract award cif liner out Jordan's MIT 4-Jun 10-Jun Cancelled 100,000-120,000t feed barley August-September cfr Aqaba Jordan's MIT 3-Jun 9-Jun Closed 60,000t milling wheat 2h August $275.20/t CHS cfr Aqaba Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.