GFM Network News


U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more

U.S. grains: Soybeans gain ground on Chinese buying

Wheat rebounds after technical correction

Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more


U.S. mushroom giant buys major Manitoba grower

Loveday Mushroom Farms joins South Hill Champs

A major player in the North American mushroom business expects to expand its reach in the U.S. Midwest and Canada’s Prairies with a deal for a storied Winnipeg producer. South Mill Champs, formed in 2018 from the merger of Philadelphia-area producer South Mill and Aldergrove, B.C.-based Champs Mushrooms, announced Tuesday it has expanded to include […] Read more

U.S. grains: Corn weakens on rain across Midwest

Soybeans gain for fifth session, wheat futures tumble

Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more



U.S. grains: Wheat futures top two-month high on global harvest worries

Corn, soybeans firm as U.S. weather looks hotter, drier

Chicago | Reuters — Chicago Board of Trade wheat futures on Thursday leapt to their highest prices in more than two months as the latest crop estimates in major exporting countries like Argentina, France and Russia raised questions about global supply. Corn and soybean futures also strengthened, as weather forecasts predicted more heat and dryness […] Read more


U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more

U.S. grains: Corn continues upward on USDA acreage data, weather worries

Wheat, soy also firm on lower-than-expected USDA acreage; traders eye forecasts for warm, dry Midwest weather

Chicago | Reuters — U.S. corn futures extended a rally on Wednesday to their highest in more than three months after a steeper-than-expected reduction to the U.S. government’s 2020 corn acreage estimate, analysts said. Soybeans and wheat gained after the U.S. Department of Agriculture’s acreage report on Tuesday also showed smaller-than-expected plantings of the grains. […] Read more


U.S. grains: Corn, soybeans sink on Midwest weather

Wheat plunges on technical selling, harvest pressure

Chicago | Reuters — U.S. corn and soybean futures fell for a fifth straight session on Friday on crop boosting rains across the Midwest and positioning ahead of government reports on U.S. plantings and stocks due next week. Wheat futures tumbled to contract lows, with soft red winter wheat hitting its lowest in nearly 10 […] Read more

U.S. grains: Soy, corn slump on crop weather, economic concerns

U.S. Midwest sees generally mild temperatures

Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more