GFM Network News

U.S. grains: Wheat, corn bounce on short-covering

Chicago | Reuters — U.S. wheat futures rose on Friday, supported by lingering concerns about crop damage in the U.S. Plains following a snow storm at the weekend. Short-covering also contributed to the wheat gains as traders covered bearish bets following a sell-off on Thursday. Corn futures also rose, with traders noting short-covering as a […] Read more

U.S. grains: Soy, wheat firm on bargain buying

Chicago | Reuters — U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said. Corn futures weakened, with buyers wary of pushing prices higher amid a swift pace of planting in the U.S. Midwest. Sharp declines on Tuesday caused investors to step in and […] Read more

Canada blocking poultry from Kansas, Arkansas

Canada has expanded its restrictions on imports of live poultry, uncooked poultry products and eggs to include those from Kansas and Arkansas, as avian flu has now appeared in birds in both states. The Kansas cases of highly-pathogenic (“high-path”) H5N2 avian flu are in a backyard chicken and duck flock in Leavenworth County, on the state’s […] Read more