GFM Network News


CBOT weekly outlook: Pandemic drives Chicago prices lower

MarketsFarm — The COVID-19 pandemic has continued to pressure U.S. markets, including the Chicago Board of Trade (CBOT), according to Scott Capinegro, president of Barrington Commodities at Barrington, Ill. “It’s like that movie Groundhog Day. You wake up and it’s the same thing every day,” Capinegro said. There’s a domino effect in the grain industry […] Read more

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more


U.S. grains: Soy, corn follow broad market rebound

Investors keep eye on stimulus proposals

Chicago | Reuters — U.S. soybean and corn futures each rose for the first time in four sessions on Tuesday as expectations of policy action to curb economic fallout from the coronavirus outbreak helped financial markets regain ground after a day-earlier drubbing. Wheat futures also closed higher in technical moves after a choppy session, although […] Read more

Argentine farmers strike to protest export tax hike

Buenos Aires | Reuters — Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country’s four main rural associations announced the strike last week in frustration […] Read more


U.S. grains: Soy up on export hopes, financial market gains

Wheat resumes downtrend after bounce Tuesday

Chicago | Reuters — U.S. soybean futures rose for a third day on Wednesday, nearing a six-week high, on hopes for increased export demand and spillover support from gains in financial markets. Corn futures set a five-week high, while wheat futures slumped. Traders said U.S. soy exports may benefit from an increase in taxes on […] Read more

CBOT weekly outlook: Soybeans, corn recover

More gains possible

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of […] Read more



U.S. grains: Corn, wheat tumble as coronavirus rattles investors

Soybeans up off nine-month low on Argentina export news

Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday and wheat futures slumped to the lowest level in 2 -1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic. Soybeans fell to their lowest point in nine months but later […] Read more


U.S. grains: Soybeans bounce on chance of Argentina export limits

Coronavirus fears remain anchor on commodities prices

Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and […] Read more

Argentina ag ministry suspends registration of exports

Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary […] Read more