GFM Network News


Chickpeas. (Grigorenko/iStock/Getty Images Plus)

Pulse weekly outlook: Seeding numbers may exceed USDA expectations

MarketsFarm — The U.S. Department of Agriculture’s (USDA) prospective plantings report, delivered March 31, provided a mixed bag for pulse growers in that country as far as the numbers are concerned. Some analysts, however, believe the actual acres seeded will top USDA’s projections. Increasing demand from China, India and a recovering domestic market have raised […] Read more

CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn eases on profit-taking

Traders question USDA numbers, raising uncertainty

Chicago | Reuters — Chicago corn inched slightly lower on Friday, as traders questioned federal acreage data and assessed the extent of storm damage in the U.S. Midwest. Prices slipped early in the day, after a rally in the previous session pushed corn futures to a four-week high. Soybeans also fell after jumping to a […] Read more





CBOT September 2019 corn (candlesticks) and MGEX September 2019 wheat (orange line). (Barchart)

CBOT weekly outlook: USDA’s acreage report could push up prices

MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more