GFM Network News



U.S. grains: Soybeans bounce on China trade hopes

Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more



U.S. livestock: Hogs limit down on profit-taking, Middle East tensions

Chicago | Reuters — U.S. hog futures tumbled by the daily trading limit to a three-week low on Friday as rising geopolitical tensions in the Middle East triggered profit-taking, analysts said. Losses hit markets after a U.S. air strike in Iraq killed Iran’s most prominent military commander, rattling traders of products from agricultural futures to […] Read more


Iran now self-sufficient in wheat, president says

New York | Reuters — Iran has become self-sufficient in wheat and aims to export wheat in the coming months, Iranian President Hassan Rouhani said on Thursday. “We had a good year that led Iran to stop importing wheat. We are planning to export wheat in the coming months,” Rouhani told a news conference on […] Read more

Iran banning all state wheat imports

Dubai | Reuters –– Iran banned state imports of wheat for a year starting on March 20, Tasnim news agency reported on Monday, ordering officials to stop registering new purchase orders. “There is no need for wheat imports in coming year. Please avoid registering any order for wheat (imports) from this date,” Iran’s minister of […] Read more


Iran cancels import duties on wheat, barley

Dubai/Moscow | Reuters — Iran has canceled import duties it imposed on wheat and barley in July, according to an official document seen by Reuters on Tuesday. The document said the import duties ended on Sept. 6 for wheat and on Aug. 22 for barley. It gave no reason for the cancellation. The Iranian government […] Read more