GFM Network News


U.S. grains: Soybeans end fractionally lower amid China trade woes

Corn pulls back on fair weather; wheat slips as U.S. harvest gets underway

Chicago | Reuters — U.S. soybean futures closed fractionally lower after a choppy session on Monday as brokers weighed pressure from rising U.S.-China trade tensions against news of fresh U.S. soybean sales to the Asian country, traders said. Corn fell on an above-average planting pace and fair weather forecasts across the Midwest that should support […] Read more

U.S. grains: Corn, soybeans slide on China tensions

Midwest weather poses risks for wheat

Chicago | Reuters — U.S. corn and soybean futures fell on Friday as escalating U.S.-China tensions over Beijing’s proposed restrictions on Hong Kong dampened markets after a week of gains. Three sources told Reuters China may reduce U.S. agricultural imports if Washington issues a severe response to Beijing’s push to impose national security laws on […] Read more


U.S. grains: Wheat, soybean futures fall with export prospects

Corn edges up ahead of Memorial Day

Chicago | Reuters — U.S. wheat futures fell after three straight days of gains on Friday as a firmer dollar disadvantaged the crop in the export market and a forecast for rain promised much-needed relief to dry soils in the U.S. Plains, traders said. Soybean markets also sagged on concerns about export demand, with sales […] Read more

U.S. livestock: Live and feeder cattle futures slip

Thursday's cold storage data seen as disappointing

Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more


U.S. livestock: Hogs, live cattle gain against cash markets

Cold storage meat supplies down slightly, USDA says

Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more

U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed […] Read more


U.S. grains: Corn up despite USDA forecast for ballooning stocks

Soybeans drift lower; wheat weaker on improving crop weather

Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more

U.S. grains: Soybeans climb on Chinese buying ahead of crop report

Wheat wrestles with demand concerns, weather woes

Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more


U.S. grains: Soybeans, corn end lower as demand flags

Wheat pressured by improved Northern Hemisphere weather

Chicago | Reuters — U.S. soybean futures settled lower on Wednesday, as continued weak demand due to the coronavirus epidemic and renewed U.S.-China trade tensions offset support from a flurry of commodity purchases by top importer China. Corn also slipped, following a pullback in crude oil, while wheat eased as beneficial rain for Northern Hemisphere […] Read more

U.S. livestock: Cattle, hogs slide after three days of gains

"The workers are spooked to come to work"

Chicago | Reuters — U.S. cattle and hog futures retreated on Tuesday in a profit-taking setback after three sessions of gains that were fueled by rising meat prices and concerns about meat shortages as several packing plants have closed due to coronavirus infections among workers. Benchmark June lean hog futures corrected after gaining nearly 18 […] Read more