GFM Network News





China is reshaping the global cow herd with aggressive buying.

China reshapes global beef markets

Free Market Reflections with Steve Dittmer

World events have made it increasingly difficult to figure out where the bubble in the level really is. We saw hundreds of Canadians on television protesting the detention of two Canadian citizens by the Chinese Communist Party for 1,000 days. The allegations are supposedly unrelated to political events everyone knows they are connected to. Yet […] Read more

MGEX December 2021 spring wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat, corn, soy futures up with global demand

MGEX December wheat at nine-year high

Chicago | Reuters — U.S. corn futures hit a two-week high on Wednesday and soybean futures also advanced, supported by brisk global demand, firm cash markets and surging vegetable oil prices. U.S. wheat futures rose as Minneapolis Grain Exchange spring wheat futures set a nine-year top on tightening global supplies of high-quality milling wheat. Additional […] Read more


CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs down on technical selling, export worries

Chicago cattle futures up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on technical selling and fears that falling Chinese hog prices point to slowing export demand for U.S. pork, traders said. CME December lean hog futures settled down 1.375 cents at 76.025 cents/lb., after dipping to 75.925 cents and filling a gap on […] Read more

File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

More acres seen needed worldwide to meet mounting crops demand

U.S. acres may have already hit ceiling: AgResource chief

Geneva | Reuters — Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday. A renewable fuel push under U.S. President Joe Biden’s climate agenda is set to trigger a boom in soyoil use, reinforcing a […] Read more


A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)

U.S. to lift restrictions Nov. 8 for vaccinated foreign travelers

Washington | Reuters — The White House on Friday will lift COVID-19 travel restrictions for fully vaccinated international visitors starting Nov. 8, ending historic restrictions that had barred much of the world from entering the U.S. for as long as 21 months. The unprecedented travel restrictions kept millions of visitors out of the U.S. from […] Read more

CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn, soy bounce on technical buying, potential export demand

CBOT wheat turns higher on Paris rally

Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more


CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing. […] Read more

CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME hogs near three-week low amid ample supply

Chicago cattle futures also lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing […] Read more