Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.» Read More
For corn, the USDA stuck to its forecast for ending stocks of 647 million bushels, the smallest in 17 years. The USDA lowered its forecast for corn prices by 3 percent, or 20 cents a bushel, from last month.
*Traders adjusting positions ahead of monthly USDA data. *Soybeans lower but trade choppy ahead of USDA report. March corn was down 8-1/ 2 cents at $7.28- 3/ 4 a bushel and January soybeans were down 4 cents at $14.68- 1/ 4 a bushel.
The South American country is a major exporter of all three crops at a time of galloping prices fueled by high world food demand and thin supplies after disappointing harvests in breadbasket producers Russia, Australia and the United States.
*USDA expected to revise up corn stocks in monthly data. PARIS/ NEW DELHI, Dec 10- Chicago corn futures hit a three-week low on Monday in a third falling session as sluggish exports from top supplier the United States and an expected upward revision to U.S. stocks suggested a recovery in supply after a drought-hit harvest.
*Traders adjusting positions ahead of monthly USDA data. At the Chicago Board of Trade as of 10:45 a.m. CST, CBOT March corn was down 5-3/ 4 cents at $7.31- 1/ 2 per bushel. March wheat was down 11 cents at $8.50 a bushel and January soybeans were down 5 cents at $14.67- 1/ 4 a bushel.
BRASILIA, Dec 7- Leaders of South America's Mercosur trade bloc gathered on Friday to consider adding two left-leaning governments to its ranks, but the meeting was overshadowed by growing protectionism and an undeclared trade war between Brazil and Argentina that threatens to rip the group apart.
Irenea Renuncio, senior Latin America analyst at Maplecroft, tells CNBC that Mexico could soon overtake Brazil in terms of growth as it is a lot easier to do business in the country.
*Exchange warns wheat harvest estimate may be cut. BUENOS AIRES, Dec 6- Soy planting in grains powerhouse Argentina was further delayed by rain over the last week, the Buenos Aires Grains Exchange said on Thursday, while fresh storms lashed the Pampas farm belt.
*Mennonites arrived in Mexico in the 1920 s. CUAUHTEMOC, Mexico, Dec 6- More than a century after Mennonite farmers left Russia for North America in search of new lands and religious freedom, hundreds of their descendants in Mexico are thinking about completing the circle.
PARIS/ SYDNEY, Dec 6- U.S. soybeans rose to their highest in almost a month on Thursday due to expectations of a jump in Chinese demand and concerns over supplies from Argentina, where rain is threatening crop yields.
BRUSSELS, Dec 6- The European Union called on the World Trade Organisation on Thursday to decide whether Argentina's restrictions on imports from the bloc were illegal, saying it had the backing of the United States and Japan for its challenge.
BRUSSELS, Dec 6- The European Union called on the World Trade Organisation on Thursday to rule on Argentina's restrictions on EU imports worth 8.3 billion euros last year, saying it had the backing of the United States and Japan in its challenge.
*EU, U.S., Japan, Mexico say Argentina blocks their imports. *Argentina accuses others of doing the same. EU trade relations with Argentina have worsened since April, when President Cristina Fernandez seized control of oil firm YPF from its parent, Spain's Repsol.
In the past five years it has represented Greece, the Republic of Congo and the Ivory Coast. For a decade, Cleary Gottlieb has helped Argentina fend off nearly all payment demands from a group of bond investors who refused to go along with the country's steeply discounted debt restructurings.
*Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
*ADP data due at 8:15 a.m. ET ( 1315 GMT. *Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
Dec 4- Repsol filed a U.S. lawsuit to block Chevron Corp's deal with Argentina's YPF, ramping up the Spanish oil company's legal response to the loss of its assets in Argentina. Repsol is making good on a threat to launch legal action against any company that partners with YPF after Argentina seized control of Repsol's majority stake in the energy company in April.
Dec 4- Spanish oil company Repsol sued U.S. rival Chevron Corp in a U.S. federal court over Chevron's cooperation agreement with Argentina's YPF, according to a court filing. Repsol is making good on a threat to launch legal action against companies backing YPF after Argentina seized control of the Spanish company's majority stake in the energy company in April.
LONDON, Dec 4- U.S. wheat prices edged up on Tuesday, supported by a weaker dollar and crop concerns in Europe and South America, while corn was little changed and soybeans marginally lower.
BUENOS AIRES, Dec 3- For the last decade, Argentina and its holdout creditors have sparred in U.S. courts over the country's 2002 debt default. But they have collected very little since Argentina refuses to pay and U.S. sovereign immunity laws protect most of its assets from seizure.