GFM Network News

(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy react fittingly to USDA reports

CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans hit eight-month high

Chicago | Reuters — U.S. soybeans surged to the highest levels in eight months on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina. Corn and wheat futures tumbled more than two per cent in a profit-taking setback at the Chicago Board of Trade, with volumes […] Read more