GFM Network News


U.S. grains: Wheat, soy rise after export deals

Corn sags on ethanol woes

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and wheat futures rose on Friday, supported by a pick-up in Chinese demand for U.S. commodities, traders said. But corn closed lower, giving up early gains with traders shrugging off a massive sale to China to focus on expectations for a weakened ethanol market as crude […] Read more



U.S. grains: Recent declines stoke export interest

CBOT May corn, soy, wheat all rally

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy […] Read more

U.S. livestock: Cattle, hogs rebound with grocery demand in focus

Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures rose on Thursday, part of a broad recovery in the agriculture markets stemming from a rebound in crude oil prices and export hopes, traders said. Strong demand for meat in the retail sector underpinned the gains as the industry scrambled to restock grocery stores as the coronavirus pandemic […] Read more


U.S. grains: Corn skids to lowest level since September 2016

Wheat, soybean futures rise

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 2.2 per cent to their lowest level in 3-1/2 years on Wednesday, with falling prices for crude oil cutting into demand from the ethanol market, traders said. A crumbling cash market for corn added to the pressure in the futures contracts as dealers in the country slashed […] Read more

U.S. livestock: Cattle, hogs fall on demand uncertainty

Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures fell on Wednesday, pressured by sharp declines in the equities markets and uncertainty about demand due to the COVID-19 coronavirus pandemic. The cattle and hog markets surged on Tuesday because of strength in the cash market after consumers cleared out grocery store shelves in anticipation of being homebound […] Read more


U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more

U.S. livestock: Cattle, hogs rally after grocery stores depleted

Reading Time: < 1 minute Chicago | Reuters — U.S. cattle and hog futures surged on Tuesday, fueled by strength in the cash market as the grocery sector looked to restock shelves following heavy buying during the weekend. Bargain buying also helped support the livestock market. Both live cattle and feeder cattle futures were recovering from near 10-year lows hit […] Read more


U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

Reading Time: < 1 minute Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more

U.S. grains: Corn, soy, wheat book multi-month lows

Financial markets continue to drag commodities lower

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures sank to multi-month lows on Monday on worries about the coronavirus pandemic denting the global economy and chilling end-user demand for commodities, traders said. “The fear is still that it will only get worse as the week unfolds,” said Mark Schultz, chief analyst at Northstar Commodity […] Read more