GFM Network News


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, soy climb on smaller-than-expected acreage view

Wheat follows corn, soy higher

Chicago | Reuters — Chicago corn futures surged nearly four per cent on Tuesday after the U.S. Department of Agriculture reported that American farmers planted 92 million acres of corn this spring, a figure that fell below a range of analyst expectations. Soybean futures rose after USDA put U.S. plantings at 83.8 million acres, up […] Read more

U.S. grains: Corn, wheat end higher ahead of USDA reports

Chicago soy also firms; expectations of bumper harvests keep lid on prices

Chicago | Reuters — Chicago corn futures rose on Monday on short-covering and position-squaring ahead of key reports due on Tuesday from the U.S. Department of Agriculture (USDA), and word that China was in the market for the grain after futures fell to a seven-week low last week, analysts said. Wheat rose, bouncing from contract […] 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

Little change seen in June’s crop supply/demand tables

MarketsFarm — Supply/demand estimates for Canada’s major crops saw little change in updated tables released Tuesday from Agriculture and Agri-Food Canada. Acreage estimates from Statistics Canada are due out June 30, and should lead to more sizeable adjustments in subsequent reports. Canola ending stocks were left unchanged at 2.6 million tonnes for the current marketing […] Read more



‘New’ Cereals Canada names board, chair

The merged Cereals Canada/Cigi unit held its first annual meeting

Alberta farmer Todd Hames was elected Monday as the chair of the board for the recently reconstituted Cereals Canada, at its first-ever annual meeting. The ‘new’ Cereals Canada was created June 1 when it and the Canadian International Grains Institute (Cigi) amalgamated after two years of discussions and the approval of their respective boards April […] Read more