GFM Network News


CBOT weekly outlook: Markets brace for weather, trade war

MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more



Soaring river freight hits U.S. farmers

Chicago | Reuters — U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river’s banks is filling up. Low river levels and backups at aging locks have slowed navigation […] Read more




Ardent’s Illinois flour mills reopened

Chicago | Reuters –– Ardent Mills, the largest U.S. flour miller, said operations resumed on Thursday at its mill at Chester, Illinois, that had been closed since Dec. 29 due to near-record flooding on the Mississippi River. Mill staff “have gone ‘above and beyond’ to conduct extensive cleaning and sanitizing to return the mill back […] Read more





Ardent restarts Illinois flour mill after flooding

Chicago | Reuters –– The largest U.S. flour miller, Ardent Mills, has resumed operations in Alton, Illinois, as floodwaters along the Mississippi River receded while a mill at Chester, Ill. will remain down for weeks, company executives said Tuesday. Near record-high floodwaters following deadly winter storms forced the company to shut down the mills a […] Read more