GFM Network News


U.S. grains: Weak export sales report pushes soy, wheat lower

Weekly corn exports slip to eight-month low

Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker […] Read more

U.S. grains: Brazilian storms push U.S. corn, soy futures higher

Cold-weather concerns support wheat

Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as storms in major production areas of Brazil disrupted fieldwork, threatening to slow export shipments from one of the world’s major suppliers, traders said. “Very heavy rains remain in the forecast for Brazil’s northern soybean belt, where farmers are trying to harvest this […] Read more


U.S. livestock: Hog futures limit-up to highest since May 2019

Cattle futures bounce on bargain buying

Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more



U.S. livestock: Hog futures rise to highest since July 2019

April cattle dip to below 30-day moving average

Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose to their highest since July 2019 on Tuesday, underpinned by strong demand. Cattle futures weakened for the fourth time in five days, with the most-active April live cattle contract sinking to a one-month low as activity at meat processors picked up with improving weather […] Read more



U.S. livestock: Live cattle futures fall as supplies seen rising

April lean hogs up from Friday

Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by expectations of rising supplies as improving weather conditions in the southern U.S. Plains will allow meat processors to increase their slaughter, traders said. A deep freeze last week across Texas and the southern U.S. Plains caused power failures that shut down meat […] Read more

U.S. grains: Weather worries push wheat futures higher

Soybeans firm, corn slips

Chicago | Reuters — U.S. wheat futures rose on Friday, supported by concerns that arctic temperatures in key growing areas could damage the dormant crop during the weekend, traders said. “Cold temperatures, chiefly domestically, lesser so abroad, will keep the wheat trade watching winterkill prospects over the weekend,” Matt Zeller, director of market information at […] Read more