GFM Network News


CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans rise to four-year peak

Corn up on export hopes, eye on South American dryness

Chicago | Reuters — U.S. soybean futures scaled a four-year high on Tuesday as soaring demand from domestic users and exporters stoked concerns that already-thin supplies are likely to tighten further. Corn futures climbed for a third straight session on strong demand and smaller global supplies, while wheat dipped after two days of gains. “Soybeans […] Read more

CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and ICE January 2021 canola (yellow line). (Barchart)

U.S. grains: Soybeans up again on export demand, supply concerns

Markets recover after setback on Thursday

Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that […] Read more


CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy, wheat close strong

Chicago | Reuters — U.S. wheat futures rose 1.7 per cent on Friday as traders unwound bearish bets they placed on the grain when the market spiraled to a 14-month low earlier this week. The most-active Chicago Board of Trade soft red winter wheat contract hit its highest since March 6 as investment funds were […] Read more



Ripe soybeans near Morden, Man. on Sept. 14, 2017. (Allan Dawson photo)

U.S. grains: Soybeans ease but notch fourth weekly gain

Chicago | Reuters –– U.S. soybean futures fell on Friday on profit-taking but the benchmark Chicago Board of Trade November contract still recorded a fourth straight weekly advance, supported by firm cash markets and export demand. CBOT wheat rose on short-covering and worries about dry conditions in Australia while corn closed modestly higher in rangebound […] Read more




(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy rallies to one-week high, wheat falls to one-month low

Chicago | Reuters — Chicago Board of Trade soybean futures climbed to a one-week high on Wednesday on technical buying and data showing U.S. processors crushed more soybeans in March than analysts expected. Corn followed soybeans higher while wheat fell to a one-month low, extending this week’s losses on forecasts for drought-relieving showers in the […] Read more