GFM Network News

Drozd: Spring wheat prices continue down slippery slope

Wheat prices have been drifting lower for the past five weeks, taking back the 65-cent gain experienced during the seasonal rally into October. Spring wheat futures prices at the Minneapolis Grain Exchange (MGEX) have slid to a three year low of US$6.9325 per bushel, a price not seen since October 2010. Prices have been under […] Read more

Drozd: Corn prices continue to trend lower

Drozd: Corn prices continue to trend lower

Corn on the nearby weekly futures contract has lost 50 per cent of its value since rallying to a record high of $8.43 3/4 in August 2012. Cash prices are closer to $3.50 per bushel — a price not seen since July 2010. Pressuring the market is the U.S. Department of Agriculture’s estimate of a […] Read more

Drozd: Lean hog market succumbs to seasonal downturn

Nearby lean hog futures prices have declined 18 per cent since mid-August. The Labour Day weekend traditionally signifies an end to the summer barbecue season, and with packers having satisfied their short-term needs, the resulting reduction in demand is partially responsible for the seasonal downturn in prices. Also weighing on the market is not only […] Read more