GFM Network News






USDA keeps domestic soy stocks view steady

Chicago | Reuters — The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop. U.S. soybean ending stocks for the 2018-19 marketing year were pegged at 955 million bushels, the government said in its monthly supply […] Read more



U.S. grains: Soybeans hit one-week top

Chicago | Reuters — U.S. soybean futures set a one-week high on Thursday as worries about dry weather curtailing Argentina’s harvest overshadowed bearish data in a monthly U.S. Department of Agriculture report (USDA), analysts said. Corn futures firmed on strong export demand while wheat retreated on profit-taking after multimonth highs. Chicago Board of Trade March […] Read more


USDA lowers U.S. corn stocks view as exports rise

Washington | Reuters — Surging export demand for U.S. corn will cut into domestic stockpiles of the grain by more than expected, the U.S. Agriculture Department said on Thursday. But U.S. soybean stocks were forecast to rise as a bumper harvest in Brazil will allow overseas buyers to source their oilseed purchases from the South […] Read more

Canadian canola stocks jump

CNS Canada — Stocks of Canadian canola have increased substantially, according to the latest estimate from Statistics Canada. Total stocks of oats, lentils and peas also rose, but not by as much as canola. StatsCan on Monday pegged canola stocks, as of Dec. 31, 2017 at 14.15 million tonnes, up from the 2016 total of […] Read more



CBOT weekly outlook: Corn, soy rangebound

CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect […] Read more