StoneX revised its projection for Brazil’s 2024/25 wheat harvest, reducing expected output by 6.8%, from 9.22 to 8.59 million tons. Recent flooding in Rio Grande do Sul devastated infrastructure and lives, leading StoneX to trim the state’s projected wheat planting area by 200,000 hectares. Such losses will likely worsen due to logistical and financial issues. […]
Related Posts
Thursday’s Morning Call: Central Bank Stirs Market on Quiet Day
This Thursday is set to feature a carefully chosen selection of economic reports, offering insights into various aspects of financial health and trends. Notably the Eurozone’s March composite PMI, Brazil’s March Residential Rent Variation, and the Brazilian Central Bank’s external sector statistics for February ar on the agenda. Despite the sparse economic agenda, the anticipation […]
Israel Genocide Case Opens at International Court of Justice
South Africa has taken a significant step by bringing a case against Israel to the International Court of Justice (ICJ), alleging genocide in Gaza. This move highlights the deepening global divisions over the Israel-Palestine conflict. The case, drawing on the UN Genocide Convention, argues that Israel’s military actions in Gaza amount to genocide, a charge […]
Brazil’s Supreme Court: Guardian or Threat to Democracy?
(Analysis) The New York Times has published a thought-provoking article examining the role of Brazil’s Supreme Federal Court (STF) in safeguarding democracy. The piece explores the court’s expanded powers and controversial actions over the past five years. It questions whether these measures protect or potentially endanger democratic principles in the country. Since 2019, the STF […]