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Daily Network News

  • Cattle on a feedlot. PHOTO: FILE

    U.S. livestock: Cattle fall back, hogs continue slide

    24 minutes ago
  • Photo: JHVEPhoto/Getty Images Plus

    U.S. grains: Soybeans retreat after rally, wheat holds at three-month high

    44 minutes ago
  • Klassen: Feeder market drops sharply

    1 hour ago
More News →

Wheat


CBOT corn ZCH24 on Jan. 19 with 20, 50 and 100-day moving averages. (Barchart)
Markets, Reuters

U.S. grains: Corn futures decline for sixth week in a row

Short-covering, positioning and U.S. export demand advance corn and wheat Friday

By Reuters, Tom Polansek, GFM Network News January 19, 2024
U.S. corn futures lost ground for the sixth consecutive week and soybean futures declined the fifth week in a row after expectations for plentiful supplies pushed the markets to multi-year lows on Thursday.

  Photo: Greg Berg
Markets

Western Canadian wheat bids trend down with U.S. futures

Canadian dollar weakened relative to U.S. counterpart

By Phil Franz-Warkentin, GFM Network News January 19, 2024
Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.


CBOT soybeans ZSH24 on Jan. 18 with 20, 50 and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn futures end higher after setting multi-year lows

Beneficial rains have eased concerns about crop damage in Brazil from drought

By Reuters, Tom Polansek, GFM Network News January 18, 2024
Chicago Board of Trade soybean futures dropped to their lowest level in more than two years on Thursday and corn futures set a three-year low before the markets turned higher on short covering and technical buying, analysts said.

FILE PHOTO: People walk on the beach as a container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017. Picture taken April 24, 2017. Photo: Reuters/Amr Abdallah Dalsh
General, Reuters

Red Sea crisis cutting farm exports from Ukraine, minister says

Wheat shipments via Suez plunge amid Red Sea attacks: WTO

By emma-farge, Pavel Polityuk, Reuters, GFM Network News January 18, 2024
The situation in the Red Sea has led to a slowdown in Ukrainian agricultural exports in January, agriculture minister Mykola Solsky said on Thursday.


CBOT soybeans ZSH24 on Jan. 17, 2024, with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soy futures drop near two-year low, corn sets three-year low

Wheat ended nearly unchanged after touching seven-week low on Tuesday

By Reuters, Tom Polansek, GFM Network News January 17, 2024
Chicago Board of Trade soybean futures tumbled near a two-year low on Wednesday as Brazilian crops benefited from improved weather and challenged U.S. exports on the global market, analysts said.

Photo: iStock/Getty Images.
Markets

CBOT weekly outlook: USDA estimates, weather pulling prices down

Shipping costs due to re-routing away from embattled Red Sea also affecting markets 

By Adam Peleshaty - MarketsFarm, GFM Network News January 17, 2024
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17. 


CBOT Soybeans ZSH24 on Jan. 16 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts

Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report

By P.J. Huffstutter, Reuters, GFM Network News January 16, 2024
Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.

(Thinkstock photo)
Reuters, Weather

Western Canada’s dry winter heralds worsening drought for 2024

Oil and gas, hydro, forestry, sports affected alongside agriculture

By Nia Williams, Reuters, Rod Nickel, GFM Network News January 16, 2024
Canada's abnormally dry winter is worsening drought conditions across the western provinces, where most of the country's oil, gas, forest products and grain are produced.


Corn ZCH24 on Jan. 12 with 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Corn plunges on robust supplies, sluggish US demand

Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield

By P.J. Huffstutter, Reuters, GFM Network News January 12, 2024
Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018

  Photo: Greg Berg
Crops, Markets

Prairie wheat weekly outlook: Narrow price movements for wheat, durum 

The Canadian dollar lost three tenths over the week

By Glen Hallick, GFM Network News January 12, 2024
Wheat prices across the Canadian Prairies were narrowly mixed for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum eased back by small amounts. 


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