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

CBOT March 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Wheat retreats after cold-weather rally

Corn, soy futures consolidate

Chicago | Reuters — U.S. wheat futures fell two per cent on Wednesday, retreating from a two-week high set in early moves, as concerns eased about cold-weather damage following a frigid weekend in the U.S. Plains, analysts said. Corn futures firmed slightly, consolidating below multi-year highs established last week, and soybean futures closed mixed. A […] Read more


CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Weather wreaks havoc on crops

MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more

CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn falls after six-session gain

Wheat eases as Egypt tender favours Russian wheat, despite export tax

Chicago | Reuters — U.S. corn futures eased on Tuesday after six sessions of gains, as the market watched to see if a surge in Chinese demand would continue to erode U.S. supplies. Soybeans also fell as traders assessed upcoming Brazilian exports against risks that rainfall will slow harvest work. Wheat followed corn and soybeans […] Read more


CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat down on profit-taking

Corn pares gains off seven-year high

Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat […] Read more

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U.S. grains: Corn, soy hit 6-1/2-year highs on Argentine corn export restriction, dry weather

Chicago | Reuters – U.S. corn futures extended gains on Thursday and hit their highest level in 6-1/2 years after major supplier Argentina said it would curb exports and as dry weather threatened harvests in South America. Soybeans also scaled a fresh 6-1/2-year peak on South American weather worries and tightening global supplies, while wheat […] Read more


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U.S. grains: Soybeans hold near 6-1/2-year peak as Argentina strike ends, dry weather remains

Chicago | Reuters – U.S. soybean futures held near a 6-1/2 year high on Wednesday as investors shifted their focus from a now-resolved labor strike in Argentina that had pushed up prices to continued dry weather in South America that threatened the upcoming harvest. Chicago Board of Trade (CBOT) wheat soared to a six-year peak […] Read more

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U.S. grains: Soybeans rally as earlier slide leads to new buying

Chicago | Reuters – Chicago soybean futures soared to new highs on Tuesday as traders shrugged off short-term pressure from promising labor negotiations in Argentina. Corn followed soybeans higher on export optimism, while wheat rose after two days of losses. Despite starting the day trending lower, the most-active soybean contract on the Chicago Board of […] Read more


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U.S. grains: Soybeans add new highs on Argentine supply disruptions

Chicago | Reuters – Chicago soybeans climbed for a sixth consecutive day as a labor strike in Argentina stalls through the Christmas holiday, curbing global supply. Corn rose for a 10th consecutive session, supported by prolonged South American dryness that could hurt harvest prospects. Wheat slipped on holiday profit-taking, but held near two-month highs. The […] Read more

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U.S. grains: Soybeans gain as South American supply falters

Chicago | Reuters – Chicago soybeans continued to rally on Wednesday as an Argentine labor strike slowed exports, even as rain moving into the country relieved some concern over drought. Wheat and corn followed soybeans, supported by Argentina’s export woes and concerns over prolonged dryness for developing South American crops. The most active soybean futures […] Read more