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Brazil's slow soybean harvest widens U.S. export window


4 Min Read
SAO PAULO/CHICAGO (Reuters) - Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.
FILE PHOTO: A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil, February 18, 2018. REUTERS/Ueslei Marcelino/File Photo
Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic. ....

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Hess tapped to market Guyana oil as search for partner continues


By Reuters Staff
2 Min Read
(Reuters) - U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country’s vice president said on Tuesday.
The South American country has became an oil hotspot after a consortium led by Exxon Mobil Corp discovered more than 8 billion barrels of oil and gas off its coast. Guyana receives a portion of the consortium’s output, which it then sells.
But with no domestic refining nor state oil company, Guyana relies on private companies to market its share. President Irfaan Ali’s government re-launched an advanced search for that partner after taking power last year, receiving 29 bids in October. ....

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