GFM Network News



CBOT September 2021 wheat (candlesticks) with MGEX and K.C. September 2021 wheat (dark greeen and orange O/H/L/C). (Barchart)

U.S. grains: Winter wheat futures up sixth straight day

MGEX spring wheat falls

Chicago | Reuters — U.S. winter wheat futures rose for the sixth day in a row on Wednesday as adverse weather in key exporting countries raised supply concerns, traders said. Corn futures were steady to firm, with the front-month contract ending flat while new-crop offerings rose on support from dry soils that threatened to hamper […] Read more


CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and K.C. September 2021 wheat (orange line). (Barchart)

U.S. grains: Wheat climbs on deteriorating crop conditions

Corn rises as U.S. crop rating misses consensus

Chicago | Reuters — Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit U.S. spring wheat. Chicago corn gained, as a lower-than-expected weekly crop rating focused attention back to dry conditions in parts of the Midwest. Soybeans rebounded after being pressured by falling crude oil prices […] Read more

CBOT September 2021 wheat (candlesticks) with  20-day moving average (yellow line) and MGEX and K.C. September wheats (green and orange O/H/L/C). (Barchart)

U.S. grains: Wheat posts biggest weekly climb in six years

Weather woes in North America, Russia, Europe spur concerns

Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about U.S. crop weather, while corn […] Read more


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Prairie cash wheat: Bids up with strong gains in U.S. markets

MarketsFarm — Bids spiked for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR), and durum (CWAD) wheats in Western Canada for the week ended Thursday. Steep increases in U.S. wheat futures supported values, as did a lower Canadian dollar which lost more than a half cent. Average CWRS (13.5 per cent protein) wheat […] Read more

MGEX September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines) and CBOT September 2021 wheat (black line). (Barchart)

U.S. grains: Wheat climbs on stressful northern Plains weather

Chicago soybean futures sag

Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more


CBOT August 2021 soybeans with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soybeans up on weather worries

MGEX, CBOT September wheats also gain

Chicago | Reuters — U.S. corn and soybean futures hit their highest in nearly two weeks on Wednesday as forecasts called for dry weather in the Midwest crop belt next week and continued dryness in the northern Plains, threatening crop prospects, analysts said. Chicago Board of Trade December corn settled up 18 cents at $5.58-3/4 […] Read more

CBOT December 2021 corn (candlesticks) with CBOT September 2021 wheat and corn (green and yellow lines). (Barchart)

U.S. grains: Corn up on supply worries

Soy futures follow veg oils higher

Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled up six cents at $5.51-1/4 […] Read more


MGEX September 2021 wheat (candlesticks) with 20-day moving average (black line), CBOT and K.C. September 2021 wheats (green and yellow lines) and CBOT December 2021 corn (orange line). (Barchart)

U.S. grains: Wheat futures rally after U.S. slashes harvest estimates

Agency raises U.S. corn crop forecast from June

Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Soybeans, corn fall on cool, wet forecast

Wheat supported by dryness in northern Plains

Chicago | Reuters — Chicago soybean futures ended lower on Thursday, pressured by cool, rainy forecasts across the U.S. growing belt, though dryness in the upper Midwest continues to threaten developing crops. Corn eased as beneficial rains aided crops entering pollination, while wheat firmed as sparse moisture reached drought-hit spring wheat regions. The most-active soybean […] Read more