GFM Network News

U.S. grains: Soy down on China concern

U.S. soybean futures ended lower on Monday, on concerns that China soon may be shifting its soy buying to South America from the U.S., and on outlooks for better crop weather in South America. Corn held firm for the third consecutive trading session on short-covering and weather issues in Argentina, while wheat was lower on […] Read more

U.S. grains: Corn eases on proposal to nix ethanol mandate

U.S. corn futures fell on Thursday, notching the biggest one-day loss since mid-November, after a group of U.S. senators proposed ending that country’s mandate to use corn-based ethanol. Corn also eased on concerns about the fate of U.S. corn sales to China after the country began rejecting cargoes containing an unapproved GMO corn variety and […] Read more

U.S. grains: Wheat drops on poor exports

U.S. wheat futures fell more than one per cent to a one-week low on Thursday on slow U.S. export sales of wheat and a larger-than-expected Canadian crop. Wheat tumbled for the second day in a row, and at 1.5 per cent, posted its biggest one-day decline in over two months. European wheat futures, which hit […] Read more

U.S. grains: Canada’s big crop hits wheat

U.S. soybean futures were higher on Wednesday, reversing two days of declines, on technical buying despite prospects for a huge soy harvest in South America. “I don’t see any thing fundamental to this, it was technical with buy-stops hit and there also was buying of March $13.20 calls in options, which helped,” a trader said […] Read more