GFM Network News

Wittal: Thanks and good luck this year

Jan. 29 — Outside markets were neutral to down today on limited trading activity and the fact that the weekend is upon us. Most of the trade in grains was due to funds continuing to roll out of January contracts into March or May contracts. Other speculative traders were taking short positions in anticipation of […] Read more

Wittal: Lentils may have peaked

Jan. 28 — The U.S. dollar pushed a little higher again today, and outside markets were neutral to down slightly. Export sales and shipment numbers were above the weekly targets for all three grains, which helped to support grain futures today.  Short-covering was the main reason for the positive support in the grains, and it’s […] Read more

Wittal: Fundamentals pressure grain futures

Jan. 26 — Overall markets were rather quiet again today, which resulted in small losses across the board. The U.S. dollar ended slightly higher on the day, while crude oil and financial indicators were down slightly. Grains were all lower on the day as technical selling became the focus. Fundamental pressures (world inventories) continued to […] Read more

Wittal: No news is bad news

Jan. 25 — The U.S. dollar was stable today, falling slightly, which helped markets to relax a little. It was a rather quiet day with little news to spark much trading activity. Corn ended with small gains, as steady buying helped push futures up. Beans ended lower on continued concerns of large production coming out […] Read more