GFM Network News


U.S. grains: Corn slumps as ethanol makers feel coronavirus constraints

Market awaits USDA plantings, quarterly stocks data

Chicago | Reuters — U.S. corn futures fell more than one per cent on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel. Soybeans ended mixed, with nearby contracts lifted by firm soymeal prices and concerns coronavirus restrictions may impede South American soy shipments. Wheat […] Read more

U.S. grains: Corn, soy, wheat end lower ahead of long weekend

Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more


Bunge profit tops estimates on South American results

Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and demand for Bunge’s food and […] Read more






U.S. grains: Soy futures ease on rains in South American forecasts

Reuters — U.S. soybean futures edged lower on Thursday, retreating from a five-week high touched earlier this week as traders expected rains to benefit rival suppliers in South America. Favourable crop weather could boost production in Argentina and Brazil, increasing global supplies and competition for export sales to buyers like China. Rains will ease dry […] Read more



CBOT weekly outlook: Soy, corn stuck waiting on trade news

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention expected […] Read more