GFM Network News



U.S. grains: Soybeans bounce off two-week low on U.S.-China trade hopes

Chicago | Reuters – U.S. soybean futures inched up on Monday, rising off a two-week low touched on Friday on hopes for progress in trade talks between Washington and Beijing to settle a conflict that has heavily reduced U.S. agricultural exports to China. Meanwhile, corn and wheat futures slipped on expectations a U.S. Department of Agriculture (USDA) […] Read more


U.S. grains: Soybeans drop as harvest accelerates

Chicago | Reuters – U.S. soybean futures fell to two-week lows on Friday on an accelerating U.S. harvest and disappointing demand from China as purchases have not lived up to trade expectations since Beijing offered crushers a quota of duty-free imports early this week. Wheat firmed for just the second time this week on optimism […] Read more

U.S. grains: Soybeans end mixed as sales to China remain below expectations

Chicago | Reuters – U.S. soybean futures were mixed on Thursday as the U.S. government confirmed fresh purchases by China, but sales volumes to the world’s top importer since the latest round of U.S.-China trade talks remained short of expectations. Favorable U.S. harvest weather also anchored soybean prices, with largely dry weather forecast for much […] Read more


CBOT weekly outlook: Traders watching weather

MarketsFarm — Corn contracts have tested contract lows on the Chicago Board of Trade, and markets are in need of a bounce. “If contract lows get taken out, you’re talking almost another 10 cents to the downside,” said Steve Georgy, president of Allendale Inc. at McHenry, Illinois. “It’s going to be very important for us […] Read more

Bearish bets decline in canola

MarketsFarm — While speculators were increasing bearish bets for Chicago soybeans and corn during the week ended Tuesday, canola traders were taking back some of their large net short positions. According to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC), the net managed money short position in canola […] Read more



U.S. grains: Corn edges higher on cool weather

Chicago | Reuters — U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said. Wheat rose on technical buying and better-than-expected weekly U.S. export sales. But soybean futures declined, retreating from early strength […] Read more


U.S. grains: Soybeans up on yield uncertainty

Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more