GFM Network News

Soybean exports face stiff U.S. competition

CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more

CBOT weekly outlook: Rangebound soy, corn look for fresh news

CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more

ADM profit tops estimates on export sales, oilseeds

Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more

Brazil in talks to boost soymeal exports to China

Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more