GFM Network News


U.S. grains: Wheat, soy, corn fall sharply on fund selling

'It is basically risk-off across the board'

Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures plunged on Monday as concerns about fresh coronavirus-driven lockdowns due to rising global case counts sparked a wave of risk-off trades. The grains, led by a 3.7 per cent drop in wheat that marked its biggest daily percentage decline since August 2019, […] Read more



U.S. grains: Soy extends climb, wheat jumps

Dry weather elsewhere supports wheat futures

Chicago | Reuters — Chicago soybean futures extended their bull run on Friday, reaching a two-year top as top global buyer China continued with daily purchases of U.S. soybeans. Wheat futures surged more than three per cent on fears of tightening supplies from key exporters, and corn futures rose for a third straight session. Chicago […] Read more

U.S. grains: Soybeans touch two-year top on China buying spree

Wheat up on technical buying, cash prices

Chicago | Reuters — U.S. soybean futures extended their rally on Thursday, rising 1.7 per cent to set a two-year high as brisk demand from China continued to support the oilseed market. Corn rose as the strength in soybeans overshadowed pressure from a smaller-than-expected Chinese corn import quota. Wheat futures jumped on technical buying and […] Read more


U.S. grains: Soy jumps on China demand, fund-driven buying

CBOT wheat, corn follow soybeans higher

Chicago | Reuters — U.S. soybean futures surged to two-year highs on Wednesday on continued export demand from top global soy buyer China and fund-driven buying, analysts said. Corn and wheat futures followed soybeans higher, with additional support from a more than four per cent jump in U.S. crude oil prices. Corn and soyoil sometimes […] Read more

U.S. grains: Soy down on profit-taking after climb above US$10

CBOT corn, wheat also down

Chicago | Reuters — U.S. soybean futures fell on Tuesday, retreating from two-year highs above US$10 a bushel as traders booked profits and forecasts called for favourable weather for the start of the U.S. Midwest harvest, analysts said. Corn futures backed down from six-month highs set a day earlier, and wheat also declined. Chicago Board […] Read more


StatsCan adjusts expected corn, soy harvests upward

Satellite models predict higher yields on fewer acres

Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more




U.S. grains: Soybeans top $10 a bushel on Chinese demand, smaller crop

Chicago corn, wheat also up

Chicago | Reuters — U.S. soybean futures advanced on Monday, with the most-active contract rising above US$10 a bushel for the first time in two years on strong export demand from China, before paring gains on profit-taking, analysts said. Corn futures ended modestly higher after reaching a six-month top and wheat also rose. Chicago Board […] Read more