GFM Network News


CBOT July 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, gold, green lines). (Barchart)

U.S. grains: Soybeans, corn ease on inflation fears

Stronger U.S. dollar also pressures prices

Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop […] Read more



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CBOT weekly outlook: Higher spring wheat all about dry North Dakota

MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of spring wheat in North Dakota […] Read more

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high […] Read more


CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close). (Barchart)

U.S. grains: Hot, dry weather view sparks rallies

Corn, soybeans, wheats up

Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. “The grains exploded out of the gates last night and remain double-digits higher… as forecasts turn hot and dry through mid-month,” Arlan Suderman, chief commodities economist […] Read more

CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close) and CBOT July 2021 wheat (green OHLC). (Barchart)

U.S. grains: Corn eases after volatile week

Wheat, soybeans also ease after tracking corn rally

Chicago | Reuters — Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions. Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest […] Read more


CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and CBOT July 2021 wheat (orange open/high/low/close). (Barchart)

U.S. grains: Corn limit-up on export demand, short-covering

Soybeans follow corn higher, wheat also up

Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the […] Read more



CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and CBOT July 2021 wheat (orange line). (Barchart)

U.S. grains: Corn up off one-month low

Wheat and soy drift lower

Chicago | Reuters — U.S. corn futures recovered slightly on Wednesday from a steep selloff a day earlier as bargain buying and technical buying lifted prices from one-month lows, although gains were limited by favourable crop weather across the U.S. Midwest. Soybeans were mostly lower, extending prior-session losses on good crop weather, while wheat fell […] Read more

CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange high/low/close). (Barchart)

U.S. grains: Corn sinks to one-month low on weather, technical selling

Soybeans, wheat follow corn lower

Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as […] Read more