GFM Network News


CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more

U.S. grains: Crop concerns, Chinese buying spark rallies in soy, corn

CBOT December wheat closes higher

Chicago | Reuters — Chicago Board of Trade corn and soybean futures rallied on Tuesday on rising export demand from China and concerns that deteriorating crop conditions will curtail the size of the U.S. fall harvest, traders said. Soybeans topped out at a seven-month high while corn jumped 2.6 per cent to its highest in […] Read more


CBOT weekly outlook: The good and bad between the U.S., China

MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more

U.S. grains: Corn falls on good crop weather

Chinese demand for U.S. farm products underpinning markets

Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer […] Read more


U.S. grains: Soybeans climb on Chinese buying ahead of crop report

Wheat wrestles with demand concerns, weather woes

Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more

U.S. grains: Soybeans slide on renewed trade tensions with China

Corn, wheat also fall on heightened trade tensions

Chicago | Reuters — U.S. soybean futures declined on Friday as renewed concern about trade tensions between the United States and China overshadowed fresh export sales to the world’s largest soybean consumer. Corn and wheat futures also fell on uncertain feed demand and good weather across much of the U.S. Midwest that signaled another strong […] Read more


U.S. sees progress on China trade deal’s ag provisions

China makes first U.S. hard red wheat buy since 2017

Washington | Reuters — The U.S. and China have made progress in implementing the agriculture-related provisions of their Phase One trade deal that took effect on Feb. 14, the U.S. Department of Agriculture (USDA) and U.S. Trade Representative said on Tuesday. In a joint statement, they listed a number of steps taken that should help […] Read more

China proposes new standards on hormone residues in beef

New standards would apply to all beef exporters

Beijing | Reuters — China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step toward opening up its market to imports of the meat from the U.S. China has previously had zero tolerance for any residues of growth hormones, which has restricted the […] Read more


U.S. livestock: CME cattle rise in recovery from contract lows

Hogs close mixed as China uncertainty looms

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more

CBOT weekly outlook: Coronavirus, other factors grip markets

MarketsFarm — As fears of a worldwide pandemic of the COVID-19 coronavirus increase, markets, including the Chicago Board of Trade (CBOT), are seen to have been taking a beating. “The perception is, it’s going to get worse, that trade is going to struggle,” said Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., analogizing […] Read more