GFM Network News


U.S. grains: Corn plunges most in three years on crop estimate surprises

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell nearly six per cent on Monday, their biggest drop in more than three years, after the U.S. Department of Agriculture forecast a bigger-than-expected harvest. USDA forecast the 2019-20 corn crop at 13.901 billion bushels, above the 13.875 billion bushels expected in July. A Reuters poll of analysts […] Read more

U.S. grains: Soy, corn close higher

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more


U.S. grains: Futures inch up after choppy trading day

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more

U.S. grains: Chicago soybeans edge up but post weekly loss on trade concerns

Reading Time: 2 minutes Chicago | Reuters – Chicago soybean futures edged away from the prior session’s seven-week low in a technical rebound on Friday but posted a weekly loss as an escalation in a year-long trade dispute between the United States and China weighed on the market. Corn and wheat prices were also slightly higher, boosted by bargain […] Read more



U.S. grains: Corn futures set two-month low as improved weather hits U.S. Midwest

Reading Time: 2 minutes Chicago | Reuters – Chicago corn futures had a dismal close on Wednesday and touched a two-month low as analysts said U.S. crop weather was not threatening, while wheat and soybean prices also eased. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 11 cents, or 2.7 percent, at $4.10 a bushel. The […] Read more


U.S. grains: Corn hits two-month low on improved U.S. crop condition

Reading Time: 2 minutes Chicago | Reuters – Chicago corn futures reached a two-month low on Tuesday after a weekly U.S. Department of Agriculture (USDA) report on Monday said the U.S. crop was in better condition than analysts expected. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 6 cents, or 1.5 percent, at $4.21 a bushel. Wheat settled […] Read more



U.S. grains: Soybeans down after ‘disappointing’ U.S. export sales report

Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade (CBOT) soybean and corn futures dipped on Thursday after the U.S. Department of Agriculture (USDA) released its weekly export sales report that disappointed analysts. China, which is in a trade war with the United States and needs fewer soybeans as swine fever ravishes its pig herd, cancelled […] Read more

U.S. grains: Corn futures inch up as grains face choppy trading day

Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade (CBOT) grain futures see-sawed on Tuesday, as technical trading left wheat prices flat, soybeans down and corn still stubbornly range-bound. CBOT corn futures ended the day on a positive note, but hopes of a significant price rally were quashed by conflicting cues that have left traders uneasy […] Read more