GFM Network News

CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn eases on profit-taking

Traders question USDA numbers, raising uncertainty

Chicago | Reuters — Chicago corn inched slightly lower on Friday, as traders questioned federal acreage data and assessed the extent of storm damage in the U.S. Midwest. Prices slipped early in the day, after a rally in the previous session pushed corn futures to a four-week high. Soybeans also fell after jumping to a […] Read more

USDA’s main home page on Jan. 11, 2019. (GFM Staff photo)

USDA to reopen all farm agency offices

Washington | Reuters — The U.S. Department of Agriculture said Tuesday it will reopen all Farm Service Agency offices on Thursday to offer services to farmers and ranchers during the partial government shutdown. Some Farm Service Agency (FSA) offices had been providing limited services since Jan. 17, but the move means all of the agency’s […] Read more

( via Flickr)

U.S. grains: Soy, corn drop on record U.S. crop view, firmer dollar

Chicago | Reuters –– U.S. soybean futures dropped more than two per cent on Tuesday, extending the previous session’s steep losses after the U.S. Department of Agriculture raised its production forecast well above market expectations. Corn futures also fell as USDA projected a record-large U.S. crop that would outstrip demand, and as updated acreage data […] Read more

( via Flickr)

USDA probes release of incorrect data that pressured crop prices

Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more