GFM Network News


CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving

Ethanol data show demand for corn

MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving […] Read more

U.S. grains: CBOT wheat down three per cent

Soy, corn also sag on pre-holiday slide

Chicago | Reuters — Chicago wheat futures fell more than three per cent on Wednesday and corn and soybean futures also slipped as traders booked profits after recent highs in all three markets, and ahead of Thursday’s U.S. Thanksgiving holiday, analysts said. Chicago Board of Trade March wheat futures settled down 21 cents at $5.96-1/2 […] Read more


U.S. grains: Wheat up on crop ratings

Corn drifts lower, soybeans down day after touching $12

Chicago | Reuters — Chicago wheat futures climbed to two-week highs on Tuesday as a surprise decline in winter wheat condition ratings raised concerns about supplies of the food grain, traders said, while corn futures ticked lower ahead of Thursday’s U.S. Thanksgiving holiday. Chicago Board of Trade March wheat futures settled up 13 cents at […] Read more

U.S. grains: Soybeans touch new four-year peak on supply concerns

Corn hits highest since July 2019, wheat ends mixed

Chicago | Reuters — U.S. soybean futures rose for a sixth consecutive session on Friday and hit a four-year high on dry conditions in key South American crop areas and concerns about dwindling U.S. supplies. Corn also gained on strong exports and worries about South American dryness, while wheat ended mixed. All three markets finished […] Read more


U.S. grains: Soybeans slip off peak, end mostly firm

Corn, wheat dip; strong demand, tight supply limit losses

Chicago | Reuters — U.S. soybean futures ended mostly firmer on Thursday as late-session buying amid worries over tightening supplies offset earlier profit-taking and technical selling that had dragged prices down from four-year peaks. Corn and wheat retreated after prior-day increases as investors pocketed some gains. Chicago Board of Trade (CBOT) January soybean futures ended […] Read more

U.S. grains: Soybeans hit fresh four-year peak on tightening supplies

Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn

Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain […] Read more


U.S. grains: Soybeans rise to four-year peak

Corn up on export hopes, eye on South American dryness

Chicago | Reuters — U.S. soybean futures scaled a four-year high on Tuesday as soaring demand from domestic users and exporters stoked concerns that already-thin supplies are likely to tighten further. Corn futures climbed for a third straight session on strong demand and smaller global supplies, while wheat dipped after two days of gains. “Soybeans […] Read more

U.S. grains: Soybeans firm on export demand, record crush

Rising energy, equities markets give grains additional lift

Chicago | Reuters — U.S. soybean futures rose for a second straight session on Monday, holding near a more than four-year high hit last week, on strong demand from top buyer China and data showing the U.S. soy crush pace hit an all-time high last month. The strong demand stoked worries about thinning supplies of […] Read more


Prairie cereal growers are putting more than $24 million into Ag Canada’s core wheat- and barley-breeding programs.

Cereal groups provide long-term funding for breeding programs

The five-year agreements support Ag Canada’s core breeding programs for wheat and barley

Alberta cereal growers, along with their Prairie counterparts, will be putting more than $24 million into development of new varieties over the next five years. The Canadian Wheat Research Coalition — a collaboration of the three Prairie wheat commissions — has committed $22.6 million over five years to a core breeding agreement with Agriculture and […] Read more

U.S. grains: Soybean futures retreat off 4-1/2 year high

Technical selling adds pressure on corn futures, analyst says

Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday, […] Read more