GFM Network News

U.S. grains: Wheat futures climb on short-covering

Chicago | Reuters — U.S. wheat futures hit their highest in nearly a week on Tuesday as declining U.S. wheat condition ratings and worries about Southern Hemisphere crop prospects fueled a round of short-covering, analysts said. Corn firmed on signs of improving export prospects and soybean futures closed modestly higher. Chicago Board of Trade December […] Read more

U.S. livestock: Live cattle futures jump on fund-driven buying

Chicago | Reuters – U.S. live cattle futures rose more than 1 percent on Wednesday to fresh multi-month highs and feeder cattle futures surged 2 percent on what traders said was a combination of fund-driven buying and signs of strength in the cash cattle market. Chicago Mercantile Exchange (CME) December live cattle ended 1.475 cents […] Read more