GFM Network News


CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, soybean futures fall with export prospects

Corn edges up ahead of Memorial Day

Chicago | Reuters — U.S. wheat futures fell after three straight days of gains on Friday as a firmer dollar disadvantaged the crop in the export market and a forecast for rain promised much-needed relief to dry soils in the U.S. Plains, traders said. Soybean markets also sagged on concerns about export demand, with sales […] Read more






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on short-covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday settled up its three-cent-per-pound daily price limit, driven by short-covering and fund buying, traders said. They said CME live cattle garnered more support from higher wholesale beef values and future’s discount to early-week prices for market-ready, or cash, cattle. June and August live cattle […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag despite fundamentals

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle retreat following initial cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts slumped on Wednesday, pulled down by technical selling and lower preliminary cash prices, said traders. June closed 0.95 cent/lb. lower at 122.125 cents (all figures US$). August closed 1.4 cents lower at 119.925 cents, and below the 10-day moving average of 120.13 cents. Wednesday morning’s […] Read more