The Agriculture Department has revised its forecast for Brazilian corn and soybean production, with a smaller reduction than expected for soybeans. According to the USDA's monthly World Agricultural Supply and Demand Estimates report, Brazilian soybean production is now projected at 156 million metric tons, while corn production is estimated at 124 million metric tons. These … [Read more...] about USDA Lowers Outlook for Brazilian Corn and Soybean Production
Production
Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
Canadian integrated oil and natural gas company, Cenovus Energy, announced a decrease in earnings and production on Thursday, attributing the decline to the impact of Alberta wildfires during the summer. Lower Earnings Cenovus reported lower net earnings of 866 million Canadian dollars ($655.6 million), or C$0.44 a share, compared with C$2.43 billion, or C$1.19 a share. … [Read more...] about Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
