GFM Network News


MGEX July 2021 wheat with 20- and 100-day moving averages (orange, green lines) and CBOT July 2021 wheat (yellow line). (Barchart)

U.S. grains: Corn and soy mixed, wheat down

Wheats lower on weather view for U.S. Plains

Chicago | Reuters — U.S. soybean and corn futures closed mixed on Monday, with nearby contracts firming on support from tight supplies and strength in the cash market, while forecasts for warm weather that will boost crop development in the U.S. Midwest pressured new-crop issues, traders said. “The outlook warmed up for the Midwest over […] Read more

CME August 2021 live cattle (candlesticks) with 20- and 50-day moving averages (brown, black lines) and June 2021 lean hogs (pink high/low/close). (Barchart)

U.S. livestock: Live cattle futures close to unchanged

CME June lean hog futures fall

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled close to unchanged on Monday, with attempts at a bargain-buying rally fizzling out after hitting some key resistance points. Hog futures were lower, notching their third straight day of declines on a technical setback. Cattle futures had weakened along with corn futures to end […] Read more


CBOT May 2021 soybeans (candlesticks) with 20-, 40- and 50-day moving averages (gold, green and black lines). (Barchart)

U.S. grains: Soybean futures rise

Wheat eases, corn mixed, traders focused on weather

Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more

CME August 2021 feeder cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle, hogs down on demand concerns

'We got a little bit ahead of ourselves'

Chicago | Reuters — CME Group hog futures fell sharply for the second day in a row on Friday, with the most-active June contract sinking 2.9 per cent to its lowest since March 23. Cattle futures also were weaker, with the June live cattle contract notching its seventh straight losing session. The market was correcting […] Read more


CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn futures retreat from peak above $6

Wheat, soybean futures rise

Chicago | Reuters — U.S. corn futures closed mixed on Thursday, with the most-active contract easing on pressure from commercial hedging after spiking above US$6 a bushel for the first time since June 2013 during overnight trading. But concerns about seeding delays due to cold weather in the U.S. Midwest lifted new-crop corn contracts. Weather […] Read more

Kansas City May 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Futures rally on weather concerns

Wheat futures book biggest increases

Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Wednesday, supported by concerns that a cold snap in the U.S. Midwest and Plains could hamper crop development, traders said. Chicago Board of Trade corn gained 2.4 per cent to hit its highest since June 2013. Wheat futures posted the biggest increases, with […] Read more



CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn rise as funds step in after two losing sessions

Wheat up on 'water deficit' concerns

Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more


CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures edge higher after limit down move

CME cattle futures weak

Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed slightly on Tuesday after falling their daily trading limit in the previous session. Traders said the market had run out of steam after rallying to their highest since June 2014 last week. “There no doubt remains questions about the belly’s staying power at these levels […] Read more