GFM Network News


U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more

U.S. grains: Soy futures sag on improving Brazil weather

CBOT March wheat rallies

Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more



U.S. grains: Wheat futures hit two-month low

Soybean, corn futures also decline

Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more



Prairie cash wheat: Choppy U.S. futures lead to mixed bids

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as choppy activity in U.S. futures spilled into the cash market. The futures traded within a wide range during the week, with the Minneapolis March spring wheat contract hitting its highest level in three weeks at one point before falling […] Read more


U.S. grains: Soybeans firm as South American crops struggle

Corn, wheat futures also higher

Chicago | Reuters — Chicago soybean futures ended higher on Friday as continued dryness in South America threatened to stress the crop in Brazil and Argentina, while strong export demand strengthened corn and wheat. Chicago Board of Trade’s most-active soybean futures added 7-3/4 cents to $11.91-3/4 a bushel, ending the week up 10-3/4 cents for […] Read more

CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving

Ethanol data show demand for corn

MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving […] Read more


U.S. grains: CBOT wheat down three per cent

Soy, corn also sag on pre-holiday slide

Chicago | Reuters — Chicago wheat futures fell more than three per cent on Wednesday and corn and soybean futures also slipped as traders booked profits after recent highs in all three markets, and ahead of Thursday’s U.S. Thanksgiving holiday, analysts said. Chicago Board of Trade March wheat futures settled down 21 cents at $5.96-1/2 […] Read more

U.S. grains: Wheat up on crop ratings

Corn drifts lower, soybeans down day after touching $12

Chicago | Reuters — Chicago wheat futures climbed to two-week highs on Tuesday as a surprise decline in winter wheat condition ratings raised concerns about supplies of the food grain, traders said, while corn futures ticked lower ahead of Thursday’s U.S. Thanksgiving holiday. Chicago Board of Trade March wheat futures settled up 13 cents at […] Read more