GFM Network News


U.S. grains: Wheat eases in profit-taking setback

Chicago | Reuters — U.S. wheat futures declined on Monday on profit taking after three sessions of gains, on concerns about weather-reduced Southern Hemisphere crops that had lifted the market to multi-month highs. Soybeans were mixed amid worries about reduced yields and late harvesting, while corn drifted lower on dull demand. Both markets remained in […] Read more




South America fires could disrupt its farm belt’s rainfall

Santa Cruz | Reuters — Forest fires that swept across Bolivia and Brazil this year could disrupt rainfall distribution across South America’s grains-and-beef producing regions in unpredictable ways for years to come, a scientist and meteorologist said. Recent rains in both countries have helped put out the wildfires, which were likely started by farmers and […] Read more



U.S. grains: Crop condition rating lifts corn

Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. […] Read more





French rapeseed farmers destroy 18,000 hectares over GMO risk

Paris | Reuters — French farmers destroyed a total of 18,000 hectares of rapeseed, more than double the area initially expected, following the discovery of a non-authorized genetically modified organism (GMO) in seeds, German group Bayer said on Friday. Bayer had announced in February that farmers in France and Germany were turning over thousands of […] Read more