GFM Network News

U.S. grains: Corn posts steepest drop in nearly three years on USDA reports

Chicago | Reuters –– U.S. corn futures tumbled more than four per cent on Friday in the market’s steepest drop in nearly three years after the U.S. Department of Agriculture (USDA) estimated U.S. stocks and projected spring plantings above nearly all trade estimates. Soybeans and wheat followed corn lower despite USDA’s lower-than-expected soy and spring […] Read more

U.S. corn, soy stocks top forecasts

Chicago | Reuters –– Massive supplies of both U.S. corn and soybeans remained in storage bins around the country ahead of spring planting, U.S. Agriculture Department (USDA) data released on Friday showed. USDA also said that farmers planned to boost their corn plantings by 4.1 per cent but severe flooding in the U.S. Midwest may […] Read more

Canola prices vulnerable after StatsCan report

CNS Canada — The latest acreage report from Statistics Canada failed to surprise most investors in the market, but still could leave canola futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball of PI Financial in Winnipeg, referring to the agency’s estimate for canola. StatsCan’s report on Friday […] Read more

U.S. grains: Corn, soybeans sink to 1-1/2 week lows

Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday ahead of a key U.S. government report due on Friday expected to raise estimates of U.S. 2018 corn and soybean plantings. Wheat also eased, pressured by an accelerating U.S. winter crop harvest and reports of higher-than-expected yields in some areas. Favourable crop […] Read more

ICE weekly outlook: Canola futures linked to NAFTA

CNS Canada — ICE Futures Canada canola contracts zigged and zagged around the $520 per tonne mark during the week ended Wednesday — but one analyst says the market could really take a turn if and when the future of the North American Free Trade Agreement is clarified. “The Canadian dollar is already moving to […] Read more