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Bunge: We are committed to using our position and scale to lead the industry's progress on deforestation


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Bunge: We are committed to using our position and scale to lead the industry s progress on deforestation
By Jane Byrne
Agribusiness giant, Bunge, last week announced it was launching a new monitoring program in the Cerrado, becoming the first global company to foster mass action in that region to track indirect purchases of soybeans.
The company said the move will have benefits for the entire supply chain.
The Cerrado, writes the WWF, is one of the most threatened and over-exploited regions in Brazil, second only to the Atlantic Forests in vegetation loss and deforestation: 
“Unsustainable agricultural activities, particularly soy production and cattle ranching, as well as burning of vegetation for charcoal, continue to pose a major threat to the Cerrado s biodiversity. Despite its environmental importance, it is one of the least protected regions in Brazil. ​ ....

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GRAIN HIGHLIGHTS : Top Stories of the Day


Corn Futures Slide as Strong Planting Weather Mulled
Corn for May delivery fell 1.8% to $5.35 1/4 a bushel on the Chicago Board of Trade on Wednesday, with grains traders anticipating good spring weather ahead enabling a large planting season for U.S. corn. Wheat for May delivery fell 1.5% to $6.56 a bushel. Soybeans for May delivery fell 0.4% to $14.07 1/4 a bushel.
Corn was down . on talk of good early planting weather and lack of fresh export demand, plus lower Argentine export premiums, said Charlie Sernatinger of ED&F Man Capital. A record 182 million acres of corn and soybeans is expected to be planted by farmers this year, although the USDA will update this figure with its Prospective Plantings report at the end of the month. ....

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