GFM Network News

(FIle photo by Allan Dawson)

U.S. grains: CBOT wheat, soybeans post sharp losses

Chicago | Reuters — U.S. soybean and wheat futures fell sharply on Wednesday, with wheat sinking 3.2 per cent and soybean futures hitting their lowest in more than nine months. Traders said that long liquidation by investment funds triggered the sell-off. Concerns about trade with China sparked the bearish wave in soybeans while wheat was […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat falls on chart selling

Chicago | Reuters — U.S. grain futures were lower on Tuesday, with wheat dropping about one per cent and corn easing for the second straight session on chart-based selling and abundant global stockpiles, traders said. Soybeans edged slightly higher, gaining for the seventh straight session to the highest in about six weeks. Warm and dry […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy hits one-week top

Chicago | Reuters — U.S. soybean futures climbed to a one-week high on Friday, buoyed by a light surge of buying in the closing minutes of trade following a dull, largely technical session, analysts said. Wheat and corn also closed with modest gains. Chicago Board of Trade November soybeans settled up four cents at $9.72-1/4 […] Read more

(Allan Dawson photo)

U.S. grains: Profit-taking sparks sell-off

Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures fell on Tuesday, pressured by a round of profit-taking and technical sales, traders said. Soybeans set back from a 15-month high hit during the overnight session while corn and wheat faced resistance after failing to take out last week’s peaks, sparking a […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans, corn dip on disappointing exports, better weather

Winnipeg | Reuters — Soybean and corn futures slipped on Thursday, pressured by disappointing U.S. export sales, forecasts for mostly favorable Midwest weather and technical selling. Chicago Board of Trade (CBOT) wheat rose on better-than-expected export sales. “We had a nice bounce in corn and soybeans, so it’s a technical pullback,” said Arlan Suderman, senior […] Read more