Record Soybean Crop Supports Brazil Real as FOB and Futures Diverge - Bloomberg

Record Soybean Crop Supports Brazil Real as FOB and Futures Diverge - Bloomberg

   June 14, 2017       prabhakardalvi

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Brazil’s 12-month trade balance set a record in May, and exports from a booming soybean crop have played a major role in the gains. The strong trade balance has in turn boosted Brazil’s real, and that carries a trickle-down effect on prices because soybean exports are quoted in dollars.

Brazil, Argentina and the U.S. together produce about 90 percent of the world’s soybeans. Export prices from all three have tended to move together. And even with the surging crop and record inventories globally, forecasters say the supply isn’t expected to meet the world’s demand.

“Demand is just silly good,” Dale Durchholz, senior market analyst at AgriVisor, said in May. “The world economy is improving, and as incomes rise, consumers demand more meat, dairy and eggs. Traders have underestimated demand while focusing on the big supply.”

The Issue

Global soybean prices fell on May 17 after news of a new political scandal in Brazil. Soybean prices have continued to move together since then, including free-on-board prices at the primary export ports for the Big 3 producers. However, a tools analysis shows futures prices on the Chicago Mercantile Exchange have fallen even faster, suggesting a more bearish view of the soybean market and also of the outlook for the real.

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FCC Seeks fine from Google in wireless data privacy case

FCC Seeks fine from Google in wireless data privacy case

   April 22, 2012       Unknown

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Image via CrunchBase

FCC Seeks $25,000 fine from Google in wireless data privacy case

The Us Federal Communications Commission is seeking a $25,000 fine from Google Inc for not cooperating with an investigation of the company’s collection of personal data from wireless networks.

   For months, Google “impeded” and “delayed” the probe, which concerned e-mail, text messages and other private material gathered in connection with the company’s Street View location service, according to an FCC filing dated April 13.

    “We find that Google apparently and willfully and repeatedly violated. Commission orders to produce certain information and documents,” the FCC said in the filing.

    Google, owner of the world’s most popular search engine, has come under rising scrutiny from regulators over how it handles data. Last year, the company agreed to settle claims with the Federal Trade Commission that it used deceptive tactics and violated its own privacy policies with the Buzz social network introduced in 2010. The FTC settlement requires Google to undergo independent privacy audits for 20 years.

     For three years starting in May 2007, Google collected content from wireless networks that wasn’t needed for its location-based services, the FCC said. Google gathered so-called “payload” data including e-mail and text messages, passwords, Internet-usage history, and “other highly sensitive personal information,” the FCC said.

     In May 2010, Google, which had revenue of $37.9 billion last year, said it would stop using Wi-Fi information for Street View, which displays pictures of streets on Google Maps. At the time, the company acknowledged that it had collected the information by mistake.

    Mistique Cano, a spokeswoman for Mountain View, California-based Google, didn’t immediately have a comment.

    A security personnel answers a call at the reception counter of the Google office in Hyderabad.

                                                                                                            BLOOMBERG

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