GFM Network News



U.S. farm belt slammed by floods, heavy snow from bomb cyclone

Reuters — A harsh late-winter storm broadsided a vast swath of the U.S. agriculture industry this week as heavy snow closed roads and buried cattle in the Plains while excessive rain flooded Midwest fields and swamped grain elevators. A “bomb cyclone” hurled hurricane-force winds, sparked tornadoes and dumped heavy snow and rain across the Plains […] Read more











U.S. livestock: Hog futures mixed after hitting three-month high

Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more

U.S. grains: Wheat falls on profit-taking

Chicago | Reuters — U.S. wheat futures eased 1.2 per cent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soybeans ended higher after weakening overnight and early in the day session as traders moved to cover short positions amid […] Read more