GFM Network News

(Keith Weller photo courtesy ARS/USDA)

U.S. grains: Soybeans extend rally

Chicago | Reuters — U.S. soybean futures rose on Friday on follow-through buying on the U.S. Agriculture Department’s surprise cut to its domestic production estimate and ending stocks on Thursday, traders said. Soymeal led soybeans higher on concerns that forecasts for more rain in Argentina could limit the size of the soybean crop in the […] Read more

(Photo courtesy Canada Beef Inc.)

Fund selling keeps U.S. wheat futures pointed down

CNS Canada –– Chicago wheat futures dropped to fresh contract lows Thursday and have more room to the downside from a chart perspective as speculators continue to add to their short positions, according to a broker. “It’s a momentum trade here with the funds,” said Adam Knosalla, a broker with Frontier Futures in Minneapolis. “They’re […] Read more