GFM Network News


CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

Favourable weather boosting U.S. corn, soy harvests

Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week […] Read more

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

U.S. grains: Soy, wheat, corn consolidate after earlier gains

Wheat ends week nearly three per cent higher

Chicago | Reuters — Chicago soybeans, corn and wheat eased on Friday as the markets consolidated after earlier gains, pressured by a continuing U.S. harvest and limited exports at hurricane-damaged U.S. Gulf export terminals. The most-active soybean futures on the Chicago Board of Trade fell 12 cents to $12.84 a bushel, ending the week down […] Read more


CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME cash lean hog index (grey line, left column). (Barchart)

U.S. livestock: CME hogs extend gains in recovery from slide

Cattle futures follow boxed beef lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from […] Read more

CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: CME lean hog futures rise from February low

December live cattle close lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Thursday, as the market recovered from a decline to its lowest prices since February. Technical buying helped support prices, while concerns about waning U.S. pork exports continue to hang over the market, analysts said. The U.S. Department of Agriculture reported 2021 export sales […] Read more


CBOT December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: CBOT wheat up after mixed trade

Traders eye U.S. corn harvest results

Chicago | Reuters — Chicago Board of Trade wheat futures ended higher on Thursday after struggling for direction as traders assessed reduced harvest prospects in major exporting countries. Corn and soybean futures were little changed after topping two-week highs. Traders focused on global supply risks for wheat as Strategie Grains sharply lowered its projection for […] Read more

CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Nearby hogs up in rebound off six-month low

CME cattle futures slide

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more


CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans climb

Wheat up on global supply concerns

Chicago | Reuters — Chicago corn futures climbed on Wednesday, supported by strength in the crude oil market and firming wheat futures. Wheat climbed as Russia joined France and Canada this week in reducing its production forecast for wheat at a time of strong global demand. Soybeans firmed, though gains were limited as canceled exports […] Read more



CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Wheat firms on global supply cuts

Corn inches higher as U.S. crop ratings decline

Chicago | Reuters — Chicago wheat futures firmed two per cent on Tuesday, strengthened by global supply concerns amid strong demand, while a weaker U.S. dollar supported U.S. trade. Corn inched higher after a weekly decline in U.S crop conditions reported by the U.S. Agriculture Department (USDA). Soybeans traded both sides of even before easing […] Read more

CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME cattle drop as fire closes JBS plant

Lean hogs extend slump

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell to their lowest prices since June on Monday on concerns that U.S. ranchers could temporarily lose a place to deliver their livestock for slaughter after a fire damaged a JBS USA beef plant. JBS, owned by Brazilian firm JBS SA, halted production at the plant […] Read more