GFM Network News


CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Weather risk adds premium to corn, soy, wheat

Brazil drought set to cut corn crop, hamper river logistics

Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Rains, lower demand pressure grain bids

Old-crop demand 'not that strong anymore'

MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more


CBOT July 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, gold, green lines). (Barchart)

U.S. grains: Soybeans, corn ease on inflation fears

Stronger U.S. dollar also pressures prices

Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop […] Read more

(ChrisBoswell/iStock/Getty Images)

CBOT weekly outlook: Higher spring wheat all about dry North Dakota

MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of spring wheat in North Dakota […] Read more


CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high […] Read more

CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close). (Barchart)

U.S. grains: Hot, dry weather view sparks rallies

Corn, soybeans, wheats up

Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. “The grains exploded out of the gates last night and remain double-digits higher… as forecasts turn hot and dry through mid-month,” Arlan Suderman, chief commodities economist […] Read more


(Thinkstock photo)

Prairie cash wheat: Bids correct higher

U.S. wheat futures up on week

MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more

CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close) and CBOT July 2021 wheat (green OHLC). (Barchart)

U.S. grains: Corn eases after volatile week

Wheat, soybeans also ease after tracking corn rally

Chicago | Reuters — Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions. Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest […] Read more


CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and CBOT July 2021 wheat (orange open/high/low/close). (Barchart)

U.S. grains: Corn limit-up on export demand, short-covering

Soybeans follow corn higher, wheat also up

Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the […] Read more