Global Ag News For Sept 10.2025

TOP HEADLINES

Supreme Court to Review Trump Tariffs on Fast-Track Schedule

The US Supreme Court said it will decide whether the bulk of President Donald Trump’s tariffs are legal, agreeing to quickly review his signature economic policy in a case with worldwide financial and political implications.

Heeding calls from both sides, the justices said in an order on Tuesday that they will hear arguments in the first week of November, an unusually aggressive schedule that suggests the court will try to resolve the case quickly. The tariffs remain in place for now, even though a federal appeals court ruled that Trump exceeded his authority by imposing them.

At stake are import taxes affecting trillions of dollars in international commerce. A Trump victory would bolster presidential power and potentially give him a potent new tool to wield against trading partners as he tries to impose his global agenda.

A decision striking down the levies would cut the current average US effective tariff rate of 16.3% by at least half and could force the US to refund tens of billions of dollars, according to Bloomberg Economics analyst Chris Kennedy. It could also upend the preliminary trade deals Trump has struck with some countries.

The challenged taxes include Trump’s April 2 “Liberation Day” tariffs, which impose levies of 10-50% on most US imports depending on the country they come from. The April 2 tariffs represented the biggest increase in US import taxes since the 1930 Smoot-Hawley levies, with the country’s average applied tariff rate at its highest level in more than a century.

The appeal also covers tariffs Trump imposed on Canada, Mexico and China in the name of addressing fentanyl trafficking. The case stems from separate lawsuits filed by Democratic-led states and a group of small businesses led by wine and liquor distributor V.O.S. Selections Inc.

The case will be the first time the Supreme Court has directly reviewed a Trump policy during his second term in office. Although the court has issued more than 20 Trump-related orders on an emergency basis – siding with him in the large majority of cases – each of those was a temporary decision designed to govern only until courts could issue a definitive ruling on a disputed policy.

Trump says his tariffs are authorized under the 1977 International Emergency Economic Powers Act, a law that gives the president a panoply of tools to address national security, foreign policy and economic emergencies. The measure, known as IEEPA, doesn’t mention tariffs as one of those powers, though a key provision says the president can “regulate” the “importation” of property to address an emergency.

Solicitor General D. John Sauer, the administration’s top courtroom lawyer, told the justices that “the power to ‘regulate importation’ encompasses the power to impose tariffs or duties on imports.”

The US Court of Appeals for the Federal Circuit ruled 7-4 that the law doesn’t authorize such a sweeping array of tariffs.

“The statute bestows significant authority on the president to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax,” the appeals court said. The ruling upheld a decision from the Court of International Trade.

The Federal Circuit majority noted that the Constitution gives Congress the power to establish tariffs, not the president. The Supreme Court in other contexts has required Congress to be explicit when it hands off its authority over an issue of major economic or political significance.

The challengers also contend that the US trade deficit Trump cites to justify his global tariffs isn’t the type of emergency required to invoke IEEPA. The law requires an “unusual and extraordinary threat” for the president’s emergency powers to kick in.

Trump has cast tariffs as critical to leveling the playing field for American businesses and workers. He has also used the threat of levies to pressure Canada and Mexico to crack down on illegal immigration, Brazil to drop the prosecution of former President Jair Bolsonaro, and India to stop buying Russian oil.

At the same time, administration officials have downplayed the impact of the litigation by saying that most of the tariffs can be imposed by other legal avenues. Trump’s tariffs on steel, aluminum and automobiles were imposed under a different law, so are not directly affected by the appeal.

Opponents say the tariffs are driving up costs for consumers, providing little by way of concessions and needlessly increasing tensions with other countries.

The Supreme Court will also consider a second tariff challenge pressed by two educational-toy makers. Those companies are pressing similar arguments but filed their suit in federal district court in Washington, rather than in the Court of International Trade.

The combination of the two cases means the Supreme Court will be able to rule on the legality of the tariffs no matter which lower court was the proper venue for the challenge. Opening briefs from the Trump administration are due by Sept. 19. The companies have until Oct. 20 to respond.

The cases are Trump v. V.O.S. Selections, 25-250, and Learning Resources v. Trump, 24-1287.

 

FUTURES & WEATHER

Wheat prices overnight are unchanged in SRW, down 1/2 in HRW, down 1 3/4 in HRS; Corn is down 1 3/4; Soybeans down 4 1/4; Soymeal down $1.20; Soyoil down 0.18.

For the week so far wheat prices are up 1 3/4 in SRW, up 6 in HRW, up 6 1/4 in HRS; Corn is up 1; Soybeans up 1/2; Soymeal up $4.50; Soyoil down 0.99.

For the month to date wheat prices are down 14 in SRW, down 10 in HRW, down 7 3/4 in HRS; Corn is down 2 1/4; Soybeans down 27 1/2; Soymeal down $1.20; Soyoil down 1.84.

Year-To-Date nearby futures are down 9.2% in SRW, down 12.8% in HRW, down 7.2% in HRS; Corn is down 12.5%; Soybeans up 1.3%; Soymeal down 5.2%; Soyoil up 24.9%.

Chinese Ag futures (NOV 25) Soybeans down 36 yuan; Soymeal down 12; Soyoil down 96; Palm oil down 130; Corn down 16 — Malaysian Palm is down 66.

Malaysian palm oil prices overnight were down 66 ringgit (-1.47%) at 4413.

There were changes in registrations (-12 Soybeans). Registration total: 34 SRW Wheat contracts; 160 Oats; 0 Corn; 225 Soybeans; 707 Soyoil; 97 Soymeal; 419 HRW Wheat.

Preliminary changes in futures Open Interest as of September 9 were: SRW Wheat down 612 contracts, HRW Wheat down 281, Corn up 5,956, Soybeans up 4,416, Soymeal up 3,551, Soyoil up 4,396.

 

Daily Weather Headlines: 10 September 2025

• NORTH AMERICA: Increased rainfall activity along the U.S./Canada border may disrupt early wheat crop harvest
• SOUTH AMERICA: Dry conditions across the Pampas over the next 7 days will help to offset excessive soil moisture but there is potential for widespread rains in the next week
• EUROPE: Severe storms with local flooding over the coming days in Italy and the Balkans will impede local harvests and may damage mature crops
• BLACK SEA: Dry conditions across Eastern Ukraine and SW Russia will favor harvest and planting activities throughout the next 15 days
• TROPICS: Tropical Cyclone Three over the western Indian Ocean is moving toward Africa and will disturb shipping operations in this area

 

WARMTH TO RETURN TO NORTH AMERICA THROUGH THE NEXT TWO WEEKS

What to Watch:

• Widespread warm weather across most of the U.S.
• Split precipitation pattern ahead

 

ALL SIGNS POINT TOWARD WEAK LA NIÑA DEVELOPING LATER THIS YEAR

What to Watch:

• Consensus between forecast inputs makes for relatively high confidence outlook
• Initial glimpse at potential global crop impacts during December-February

 

Northern Plains: There is no more credible risk of frost for the rest of September. Spotty showers will be possible much of the week, though will favor Montana over other areas until a system moves into the region over the weekend. Any rainfall would be helpful.

Central/Southern Plains: Isolated showers will be possible much of the week with small disturbances moving through the region. A stronger system will move into the region this weekend with more widespread rainfall being possible. For those trying to harvest, showers will be unfortunate, causing delays. But for those still looking for one more rain, there are some good chances yet.

Midwest: Dry weather in the south and east continue to have negative effects on filling corn and soybeans, but that time has likely run out for any rainfall to have a positive impact there. Showers are forecast in some areas this week, but will be more likely this weekend and next week.

Delta: Some showers moved through over the weekend, but had little to no impact on either the expanding drought or the falling water levels on the Lower Mississippi River. Dry conditions this week will only make both worse.

Brazil: Spring planting will begin shortly in the south and will increase going into October. Central Brazil will wait until consistent wet season rains arrive, and the newest model runs have showers starting to arrive next week, which would be early and could cause some early soybean planting delays.

Black Sea: Though Europe has been active with rainfall lately, the Black Sea region has not with a very poor end to the season. However, a small system in the Black Sea may bring showers through Ukraine and southwestern Russia over the next few days before being pushed south again. Any rainfall would be helpful for what remains of filling corn and prepping soils for winter wheat planting that starts over the next couple of weeks.

 

The player sheet for 9/9 had funds: net sellers of 1,000 contracts of SRW wheat, sellers of 3,500 corn, sellers of 1,000 soybeans, buyers of 4,000 soymeal, and sellers of 5,500 soyoil.

TENDERS

• CORN, BARLEY AND SOYMEAL TENDER: Iranian state-owned animal feed importer SLAL issued international tenders to purchase up to 120,000 metric tons of animal feed corn, 120,000 tons of feed barley and 120,000 tons of soymeal, European traders said. The deadline for submission of price offers is September 16
• NO PURCHASE IN WHEAT TENDER: Jordan’s state grain buyer is believed to have made no purchase in an international tender to buy 120,000 metric tons of milling wheat, European traders said. A new wheat tender is expected to be issued in the coming days and to close on September 16.

PENDING TENDERS

• WHEAT TENDER: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins. A new announcement had been expected by traders after Jordan made no purchase in its previous tender for 120,000 tons of wheat on Tuesday.
• CORN TENDER: South Korea’s Major Feedmill Group (MFG) and its member company Cargill Agri Purina have issued an international tender to purchase up to 140,000 metric tons of animal feed corn
• FEED BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley.
• SUNFLOWER OIL TENDER: Turkey’s state grain board TMO issued an international tender to purchase and import about 18,000 tons of crude sunflower oil.
• WHEAT TENDER: A state grains buyer in Syria issued an international tender to purchase about 200,000 tons of soft milling wheat.

 

 

 

 

TODAY

ETHANOL: US Weekly Production Survey Before EIA Report

Output and stockpile projections for the week ending Sept. 5 are based on five analyst estimates compiled by Bloomberg.

• Production seen slightly higher than last week at 1.078m b/d
• Stockpile avg est. 22.567m bbl vs 22.564m a week ago

 

Canada Wheat Stocks on July 31 Fell 22.1% From Year Ago

Stocks of Canadian wheat as of July 31 fell to 4.11m tons vs 5.28m in the same period last year, according to Statistics Canada.

• Durum wheat fell to 0.5m tons vs 0.67m
• Canola fell to 1.6m tons vs 3.23m in the same period last year

 

Bunge to finish loading first export of Argentine soybean meal destined for China

U.S. grains trading group Bunge would finish loading 30,000 metric tons of Argentine soybean meal destined for China on Wednesday, the maritime agency NABSA said on Tuesday, marking the first such soymeal cargo.

Bunge had previously dispatched a shipment of soybean meal to China in July. However, last month the company ended up diverting the sale to Vietnam for “commercial reasons.”

According to NABSA’s daily port activity report, the ship Sumatra will be loaded at the T6 terminal, which Bunge jointly operates with Argentina’s AGD in the port town of San Lorenzo, north of the farm hub city of Rosario.

Bunge Argentina did not immediately respond to a Reuters request to confirm the information published by NABSA.

NABSA also reported the arrival of other ships in Argentina, the UBC Salerno and the Africa Merlin, with estimated arrival dates of September 17 and 18, respectively. They are also set to load 30,000 tons of soybean meal each at the T6 terminal, destined for China.

 

Brazil Soy Exports Seen Reaching 7.43 Million Tons In September – Anec

• BRAZIL SOY EXPORTS SEEN REACHING 7.43 MILLION TNS IN SEPTEMBER VERSUS 6.75 MILLION TNS IN THE PREVIOUS WEEK – ANEC
• BRAZIL SOYMEAL EXPORTS SEEN REACHING 2.11 MILLION TNS IN SEPTEMBER VERSUS 1.94 MILLION TNS IN THE PREVIOUS WEEK – ANEC
• BRAZIL CORN EXPORTS SEEN REACHING 6.96 MILLION TNS IN SEPTEMBER VERSUS 6.37 MILLION TNS IN THE PREVIOUS WEEK – ANEC

 

Russian wheat export prices continue to decline

Russian wheat export prices continued to decline last week while domestic rouble prices stayed flat after a three-week decline as farmers had different strategies with some accelerating selling of wheat and others withholding to get better prices.

The price for Russian wheat with 12.5% protein content for free-on-board (FOB) delivery in late September-early October was $228 a metric ton at the end of last week, down $2 from the previous week, said Dmitry Rylko, head of the IKAR consultancy.

The Sovecon consultancy estimated the price at $228-230 a metric ton FOB compared to $232-234 at the end of the previous week.

“The decline is unusual for this time of year, as prices typically bottom in July–August. Given the current exchange rate and domestic prices, we believe exporters can trim FOB a few dollars more if needed,” Sovecon said in a weekly note.

The rouble has weakened against the dollar in recent weeks, but remained stronger than anticipated. Sovecon said that firm demand for export provided some support for domestic rouble prices but the farmers had different strategies on the market.

“Some farmers increased supply to raise cash for corn and sunflower harvesting and winter seeding. Others postponed wheat sales in anticipation of higher prices and started selling early sunflower, which could get cheaper as harvest advances,” the consultancy said.

Russian farmers have harvested 105 million metric tons of grain to date, according to Deputy Prime Minister Dmitry Patrushev, and the country is on track to harvest 135 million tons in line with forecasts.

Sovecon said last week it had raised its forecast for Russia’s wheat crop in 2025 forecast by 0.7 million metric tons (MMT) to 86.1 million tons, citing improved prospects in the regions adjacent to the Volga river.

The consultancy said that for the first time since 2015, Rostov will not be Russia’s top wheat-producing region due to bad weather this year, ceding its position to neighbouring Stavropol with estimated wheat production at 8.2 million tons.

Sovecon analysts also estimated wheat export in September at 4.1 million metric tons, a 20% decline compared to last year.

 

Canada’s wheat production holds steady as harvest progresses

2025/26 CANADA WHEAT PRODUCTION: 35.0 [33.9–36.8] MILLION TONS, UNCHANGED FROM LAST UPDATE

Canada’s wheat production for the 2025/26 season remains steady at 35.0 [33.9-36.8] million tonnes, as harvest operations continue across major wheat-producing regions. Crop reports from provincial ministries of agriculture indicate that harvesting is advancing well. Most regions have completed a significant portion of their winter wheat harvest and are making early progress on spring wheat. As of September 1, Saskatchewan had harvested 91% of its winter wheat and 14% of its spring wheat. Manitoba reported 99% of winter wheat and 59% of spring wheat harvested by the same date. In Alberta, 25.8% of spring wheat had been harvested as of September 2.

Over the past two weeks, weather conditions have generally supported harvest activities across key wheat-growing areas. Looking ahead, LSEG’s latest weather forecast predicts above-average temperatures in Alberta, Manitoba, and Saskatchewan over the next 10 days. Moderate rainfall is expected in the latter half of the forecast period across these provinces, which may slightly affect the pace of remaining harvest operations.

 

Malaysia Aug. Palm Oil Stockpiles Rise to 2.20m Tons: MPOB

Malaysia’s palm oil stockpiles rose to 2.20m tons in August from revised 2.114m tons in July, according to Malaysian Palm Oil Board.

• Palm oil production rose to 1.86m tons from 1.812m tons in July
• Palm oil exports fell to 1.32m tons from revised 1.329m tons in July

 

China Willing to Import More Agricultural Products from Portugal

China is willing to import more high-quality agricultural and food products from Portugal and encourage more Chinese companies to invest in European country, Xinhua reports, citing Premier Li Qiang in a meeting with Prime Minister of Portugal in Beijing.

China call for Portugal to push and guide the EU to adopt a positive and pragmatic policy toward China, said Li

To deepen cooperation in emerging fields such as the digital economy and green economy

 

Trump Health Report Avoids New Crackdowns on Food, Agriculture

President Donald Trump’s official health policy roadmap steers clear of new crackdowns on the food and agriculture industries that have been frequently blamed by top officials for a rise in chronic diseases.

The report, written by a slew of federal agencies, will likely ease months of speculation and angst from corporations that were concerned about costly new policies related to processed ingredients and the use of chemicals. While food and agriculture companies have been frequent targets of the administration, they’ve so far largely avoided the dramatic changes that Health Secretary Robert F. Kennedy Jr. has unleashed within the health sphere, where he wields more control.

Some uncertainty remains, however, as agencies work to develop a new definition for ultra-processed food, overhaul dietary guidelines and bolster the US food supply.

The final report was similar to a draft version that was circulated in mid-August, and its release comes nearly a month after it was initially due to be submitted to the president.

Tuesday’s report calls on federal agencies to work with restaurants to “increase education and awareness” of healthy food options for children. The policy roadmap also calls for evaluating the health effects of pesticides, but takes no immediate steps to curb the use of glyphosate, the active ingredient in Roundup weedkiller, which has been a key focus of the so-called Make America Healthy Again movement.

Kennedy’s efforts to change US food and agricultural policy must navigate the influence of the Department of Agriculture and its secretary, Brooke Rollins, according to David Mansdoerfer, a former health official who served during the first Trump administration.

“He has to work hand-in-hand with Secretary Rollins and that probably is a little bit of a moderating voice around that topic,” he said, in comparison to what Kennedy can do on his own at HHS.

The final report maintained parts of an earlier draft suggesting an education campaign to boost fertility rates and an initiative to return whole milk to public schools. It also kept a plan to give Americans receiving food stamps so-called “MAHA Boxes” of produce and “whole, healthy” food.

It’s the second installment in a two-part process to carry out an executive order Trump signed in February. The first report spelled out what the administration viewed as the root cause of chronic disease among children, while Tuesday’s report is intended to lay out policies to address those root causes.

The first report was plagued by inaccurate footnotes citing studies that in some cases didn’t exist. The latest document doesn’t contain any citations.

 

Refinery-state senators look to block Trump from shifting renewable fuel obligation

• US biofuels policy pits Big Oil against Big Agriculture
• Utah Senator says biofuels requirement bad for consumers
• Biofuel industry group says bill rewards ‘bad behavior’
• Trump needs Republicans united to avoid government shutdown

U.S. lawmakers from states with oil refineries, led by Republican Senator Mike Lee of Utah, will introduce legislation on Tuesday to block President Donald Trump from shifting renewable fuel blending obligations from small refineries to larger ones, according to draft legislation seen by Reuters.

U.S. biofuels policy has been politically divisive, pitting the oil industry against the farm interests that underpin U.S. production of biofuels like corn-based ethanol.

At the heart of the current fight is whether larger refineries should be forced to make up for the biofuel blending requirements that small refineries avoid through federal exemptions. The Environmental Protection Agency has submitted a proposal on the issue for White House review, and its contents have not yet been made public.

“Punishing American energy producers who comply with the EPA’s made-up rules isn’t just unfair, it’s bad for everyday consumers. Americans will pay more at the pump and Utah’s refineries will suffer,” Lee said in a statement.

Geoff Cooper, president and CEO of the Renewable Fuels Association, criticized the legislation as a direct attack on rural America.

“We shouldn’t even be having a conversation about reallocation,” Cooper said. “This bill simply rewards the bad behavior of a handful of small refineries who have steadfastly refused to blend renewable fuels and are looking for yet another way to dodge their legal obligation.”

The biofuel fight adds another headache for Trump as he tries to keep Republicans united during the effort to pass his budget and avoid a government shutdown. Funding for federal agencies runs out at the end of the month, and the fight over small refinery exemptions is dividing GOP lawmakers just when Trump needs their support.

The EPA recently cleared a backlog of more than 170 small refinery exemption requests dating back to 2016 — a sweeping move that is now forcing the White House to review how billions of gallons of biofuel blending obligations should be handled going forward.

The EPA offered the White House a preferred option to deal with the exempted gallons, as well as other options that will also be weighed during the review, Reuters reported. A decision is expected in the coming weeks.

The bill, titled the Protect Consumers from Reallocation Costs Act of 2025, would amend the Clean Air Act to prohibit the EPA from reallocating renewable fuel obligations. Republican Senators John Barrasso, of Wyoming, and Bill Cassidy, of Louisiana, are also sponsors.

 

Brazil will require US$20 billion in biofuel investments by 2035

Brazil is expected to require 110 billion reais (US$20 billion) in investments to support the expansion of the biofuels chain by 2035, according to projections from the Ministry of Mines and Energy ( MME ).

The capex estimated in the new ten-year energy plan (PDE) includes new biorefineries, plant modernization and raw material diversification.

Ethanol supply is expected to grow by around 30% over the next decade, reaching 51 billion liters in 2035. Corn ethanol, which accounted for 20% of production in 2024, will gain prominence and is expected to account for more than 30% of total supply in 2035.

Demand for fuel ethanol is expected to reach 48.2 billion liters, ensuring a positive balance throughout the analysis horizon.

The study also projects a technical potential for generating an average of 5.9GW of bioelectricity from sugarcane bagasse at the end of the period, in addition to 6.4Bm3 (billion cubic meters) of biomethane derived from sugarcane residues – vinasse, filter cake, straw and tips –, equivalent to approximately 10% of national natural gas consumption in 2024.

Regarding biodiesel, projected demand reaches 13.9 billion liters in 2035, with soybean oil remaining the main raw material. The projected installed capacity is sufficient to meet the legally mandated blending targets, with surpluses that can be used for maritime transport and other uses.

Approved in 2024, the Fuel of the Future law provides for an increase in the mandatory blending of ethanol and biodiesel in gasoline and fossil diesel to 35% and 25%. Currently, they are at 30% and 14% , respectively.

Last week, the Ministry of Mines and Energy (MME) published a decree regulating biomethane policy. The goal is to increase the share of renewable gas in the market, starting with an annual target of 1% in 2026 and potentially reaching 10% in the future.

“The decree will guarantee the establishment of the Biomethane Origin Guarantee Certificate (CGOB), an essential instrument for ensuring the traceability of the production chain, enabling the fulfillment of emissions reduction targets, and also allowing voluntary decarbonization initiatives by companies committed to sustainable practices,” stated Bioenergia Brasil and the Sugarcane and Bioenergy Industry Union (Unica), in a press release.

The booklet also details the evolution of sustainable aviation fuels (SAF). Starting in 2030, announced projects are expected to produce 1.7 billion liters per year, reaching 2.8 billion by 2035.

 

Cargill Said to Back Creditor Chasing Stake in Massive Soy Plant

Cargill Inc. is in advanced talks to back a hostile creditor’s bid to take over a distressed Argentine soy exporter, according to people familiar with the matter.

The agriculture trading giant would partner with Grassi SA to charter crop shipments if the local brokerage house is successful in its bid to gain control of the assets of Vicentin SAIC, according to the people, who asked not to be identified because the information is private.

Cargill confirmed it is in discussions to explore a potential commercial-only agreement, but said the talks are preliminary.

Vicentin was once a crown jewel in Argentina’s soy-crush industry before it filed for bankruptcy protection five years ago. The assets include a 33% stake in the world’s biggest soy plant, in the locality of Timbues on the Parana River, which can process more than 30,000 metric tons a day of beans.

That stake and other assets are up for grabs in a legal process that will decide the fate of Vicentin. Grassi and global trading rivals in a few days will be able to lodge their offers to creditors in a cramdown to restructure $1.3 billion of unsecured debt and outline plans to take over Vicentin, with a view to rekindling its vast export operations.

Read More: Suitors Eye Soy Trader as Judges Open Bankruptcy Case to Bidders

The shortlist of suitors also includes Bunge Global SA, which already owns 67% of the Timbues soy plant; and Louis Dreyfus Co. in a partnership with local trader Molinos Agro SA, which is majority-owned by the Perez Companc billionaire dynasty and was once a partner in Timbues before exiting a decade ago.

Louis Dreyfus declined to comment, while a Molinos spokesman said the company is working to bring a proposal to the table. Bunge didn’t immediately respond to a request for comment.

Grassi may hold an advantage because it forced the case to a cramdown, foiling an attempt by the family group that owns Vicentin to exit bankruptcy protection in a rescue led by Bunge. Judges agreed with Grassi that the rescue was unconstitutional, and opened the case to competing proposals. Vicentin has lodged an appeal in the federal supreme court.

Bloomberg News also reported last year that Grassi has held talks with Cima Investments SA, which acquired almost 35% of Vicentin’s unsecured debt from a group of global banks, giving it the power to veto any new deal.

Cargill won’t be involved in the cramdown directly but would join Grassi later as a commercial partner, the people said.

For Vicentin’s creditors, including hundreds of farmers and grain silos across Argentina’s Pampas farming belt, the cramdown promises to be the final stretch of an arduous path that even featured a fleeting nationalization plan.

In the cramdown, the winner must reach two key thresholds by roughly the end of October: More than half the number of creditors holding at least two thirds of the value of the debt are required to agree to a proposal before it can be sent up to a bankruptcy judge for rubber-stamping.

In addition to the Timbues plant, Vicentin’s other assets include another soy terminal and a coveted sunflower-crush plant. Currently, Bunge uses all of the Timbues crush capacity, and Vicentin’s other assets stay operative through tolling arrangements.

 

 

 

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