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Tag: Brazil drought

Funds trim bearish CBOT soybean bets awaiting Brazil rains

Posted on September 24, 2024 By admin
Funds trim bearish CBOT soybean bets awaiting Brazil rains

Keeping an eye: Traders this week will be watching for U.S. harvest results. File | Photo Credit: Reuters Ample global supplies have kept speculators on the short side of the Chicago grain and oilseed markets so far this year, though droughts across many key exporters are now giving bears some pause. Top soybean exporter Brazil is…

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Along the world’s most voluminous river people queuing for water

Posted on October 26, 2023 By admin
Along the world’s most voluminous river people queuing for water

The Negro river, a tributary of the Amazon river, is facing the worst dry season in decades in the Amazon rainforest. | Photo Credit: AFP As the Amazon drought rages on, public authorities in Brazil are scrambling to deliver food and water to thousands of isolated communities throughout a vast and roadless territory, where boats…

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