GFM Network News

U.S. livestock: Live cattle rise as Japan drops U.S. beef import curbs

Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange (CME) closed higher on Friday, buoyed by news that Japan will eliminate long-held restrictions on U.S. beef imports, traders said. The agreement reopens full beef trade after Japan in 2003 banned U.S. beef over concerns about bovine spongiform encephalopathy (BSE), which roiled […] Read more

U.S. grains: Corn to seven-week high as rain threatens planting

Chicago | Reuters — U.S. corn futures rose on Thursday for a fourth straight session as dismal weather forecasts signalled further planting delays in the Midwest, prompting commodity funds to cover short positions, analysts said. Chicago wheat futures hit a one-month high, led by corn, and soybeans followed the firm trend. Chicago Board of Trade […] Read more

U.S. grains: Corn, soy rally as slow planting pace ignites short-covering

Chicago | Reuters — U.S. corn futures climbed more than three per cent on Tuesday and soybeans bounced back from a decade low as planting delays in the Midwest crop belt sparked a round of short-covering, analysts said. Additional support stemmed from optimistic comments from Washington and Beijing that tempered concerns about a further escalation […] Read more

U.S. livestock: Lean hog futures bounce, cattle end lower

Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday in a technical rebound after Monday’s limit-down close, with firm cash hog values lending support, traders said. Technical traders were encouraged that the benchmark June hog contract was able to hold above Monday’s low, a supportive chart […] Read more