GFM Network News

U.S. grains: Soybeans, corn ease on crop-boosting weather

Chicago | Reuters — U.S. soybean futures retreated on Wednesday ahead of an eagerly awaited U.S. government crop report, pressured by forecasts for favourable Midwest crop weather and disappointment that China did not include the oilseed on a list of U.S. imports exempted from tariffs. Corn also weakened as late-planted U.S. crops were seen benefiting […] Read more

U.S. grains: Crop condition rating lifts corn

Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. […] Read more

U.S. livestock: Lean hogs end mixed as trade gauges trade war impact

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday in choppy trading as investors weighed rising pork prices against weak cash hog values and rising concerns about pork exports to China. Spread trading steered some contracts up sharply while others, including actively traded October and December futures, retreated. “Spreads […] Read more

U.S. livestock: Lean hogs rally for second day

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures posted strong gains for a second consecutive session Thursday, lifted by short-covering and technical buying following the market’s recent drop. Rising pork prices and solid pork exports supported the market, largely diluting concerns over U.S. trade tensions with China, the world’s top hog and […] Read more