GFM Network News


Grain ‘trade’ at risk of low-balling U.S. soybean yields: Maguire

Chicago / Reuters – At 47.1 bushels an acre, last month’s soybean yield estimate from the U.S. Department of Agriculture was a new all-time high. And the average trader estimate for the USDA’s November projection is higher still, at 47.608 bushels. Even so, the long-term relationship between corn and soybeans suggests current soybean yields remain relatively […] Read more



Options suggest soymeal tumble postponed till Jan.

Reuters — Soymeal traders have been bracing for a steep decline in U.S. meal prices for the past several months as a record-large soybean crop was planted and grown. Indeed, traders racked up large positions in bearish put options tied to December soymeal futures throughout last summer, indicating widespread expectations that U.S. meal prices would […] Read more



Analysis: Speculators, commercials in rare corn position tango

Usually, large speculators and commercial traders take opposing positions in the corn futures and options market, with speculators favoring long exposure while commercials typically sit heavily short in reflection of their naturally long stance in the physical arena. But this year’s critically low levels of domestic corn supplies have forced commercial players to whittle down […] Read more




Short covering surge could boost U.S. wheat

The U.S. Department of Agriculture just upwardly revised U.S. wheat production prospects on the back of better-than-expected yield reports emerging from the ongoing U.S. harvest. But even as harvest progress continues to weigh on near-term market sentiment, wheat prices are at risk of pushing higher as global demand prospects pick up and jittery short-biased speculative […] Read more


Chinese buying could push soybeans over $20

The July-September quarter is traditionally a soft period for U.S. soybean exports as the world’s top buyers of the oilseed typically divert their buying interest to South American suppliers while the U.S. crop rounds out the growing season. But the shortage of supplies in Brazil and Argentina following this year’s drought in that region has […] Read more