GFM Network News






U.S. grains: Soybeans slide in post-holiday markets

Chicago | Reuters — U.S. soybean futures settled down almost two per cent on Friday, pressured by relatively ample U.S. stockpiles as traders shrugged off support from strong weekly export sales. Analysts attributed the weakness in futures to improved U.S. crop weather and uncertainty about demand for U.S. soybeans, given large carry-over supplies from the […] Read more


ICE weekly outlook: All eyes on King Corn

MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more

CBOT weekly outlook: USDA report leaves trade unsteady

MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more


U.S. grains: Corn climbs on crop concerns

Chicago | Reuters — Chicago corn, soybean and wheat futures all settled higher on Wednesday on technical buying and as traders adjusted positions ahead of the U.S. Independence Day holiday. The September corn contract on the Chicago Board of Trade settled up 17-3/4 cents at $4.36-3/4 a bushel (all figures US$). The August contract for […] Read more

U.S. grains: Corn settles up as crop rated below expectations

Chicago | Reuters — Chicago corn futures closed higher for the first time in five sessions on Tuesday on technical buying and lower-than-expected condition ratings for developing U.S. crops, analysts said. Following widespread U.S. planting delays this spring, traders have shifted their attention to production prospects for crops that got seeded. Periodic light rains expected […] Read more


U.S. grains: Corn, soy ease on warmer weather

Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more

U.S. grains: Corn posts steepest drop in three years on USDA acreage view

Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more