GFM Network News


IGC calls for more wheat despite lowering global forecast

MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more

U.S. livestock: Hogs, cattle sink to multi-month lows

Ample supplies drag on cattle futures

Chicago | Reuters — U.S. hog and cattle futures dropped to fresh multi-month lows on Wednesday. Ample supplies and weakening cash markets weighed on the cattle contracts while concerns about demand from China pressured hog futures. The pressure on cattle comes at a time of year when the market tends to find support due to […] Read more


U.S. grains: Soy, wheat extend losing streaks

Chicago | Reuters — U.S. soybean futures fell on Tuesday for the sixth day in a row, with investors waiting for signs of the pickup in Chinese demand promised when Washington and Beijing signed the Phase One trade deal on Jan. 15, traders said. Wheat futures also drifted lower, their third straight day of losses, […] Read more

U.S. grains: Corn futures hit three-month high on export demand

Profit-taking sparks pullback in CBOT wheat

Chicago | Reuters — U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier. Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week’s initial trade agreement […] Read more






Tighter supplies, solid demand underpin durum bids

MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada […] Read more



African swine fever spreads near German border

Paris | Reuters — Poland recorded 55 outbreaks of African swine fever in wild boar near the German border last month, the world animal health body said on Thursday, in a sign the deadly virus is spreading near one of the European Union’s biggest pork exporters. A report posted on the World Organization for Animal […] Read more