GFM Network News


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

Reading Time: 2 minutes 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 wheat (candlesticks) with MGEX July 2021 wheat (orange open/high/low/close) and K.C. July 2021 wheat (yellow OHLC). (Barchart)

U.S. grains: Wheat hits one-month low, soybeans three-week low

Chicago corn down on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, touching a one-month low on improving prospects for the crop in the U.S. Plains, traders said. Corn futures fell on a round of profit-taking after rising in three of the previous four sessions. Soybeans also closed lower, with concerns about demand outweighing a bargain-buying attempt […] Read more


CME July 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and August 2021 live cattle (red open/high/low/close). (Barchart)

U.S. livestock: Hog futures rally to highest since August 2014

USDA's latest cattle count beats forecasts

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday to their highest in nearly seven years, with strong demand outstripping supplies on hand as restaurants around the U.S. have been reopening after COVID-19 shutdowns, traders said. “We are seeing strong retail demand, with the food service trying to recapture their share of […] Read more

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

U.S. grains: Corn futures rise; soybeans, wheat weak

Kansas winter wheat tour sees record yield potential

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Thursday, with strong export demand highlighting concerns about dwindling crop supplies due to harvest shortfalls in Brazil, traders said. Soybeans and wheat weakened after firming early in the session. Private exporters reported the sale of 1.224 million tonnes of corn to China for delivery in the […] Read more


CBOT July 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines) and MGEX July 2021 wheat (black line). (Barchart)

U.S. grains: Wheat, soybeans plunge on fund selling

Chicago July corn flat

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and wheat futures fell more than two per cent on Wednesday, with traders noting selling by investment funds as commodity contracts tumbled through key technical support points. The most-active corn futures ended unchanged, steadying after trading in negative territory for much of the session. Deferred contracts were slightly lower. […] Read more

CME August 2021 live cattle (candlesticks) with 20-day moving average (red line) and CBOT July 2021 corn (yellow line, left column). (Barchart)

U.S. livestock: Cattle, hog futures up with cash markets

Boxed beef, select cuts priced at one-year highs

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Wednesday, with the market underpinned by strength in the cash markets. Prices for the cattle contracts hit their highest in nearly a week, but closed off their session peaks as the corn market recovered from sharp declines. The early weakness in corn […] Read more


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

U.S. grains: Corn up on another sale to China

CBOT wheat, soybeans fall

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the U.S. could stress the recently seeded crop, traders said. Wheat and soybean futures weakened on a technical setback after failing […] Read more

CME June 2021 lean hogs (candlesticks) with 20-day moving average (pink line) and June 2021 live cattle (red high/low/close). (Barchart)

U.S. livestock: Hog futures rally on technical bounce

June live cattle up, August feeders down

Reading Time: < 1 minute Chicago | Reuters — Lean hog futures rallied on Tuesday, rising 1.8 per cent on a technical bounce after three straight days of declines pushed prices to their lowest since April 30, traders said. Concerns about a tightening of supplies during grilling season added support. “We are still watching weekly hog slaughter rates,” said Rich […] Read more


MGEX July 2021 wheat with 20- and 100-day moving averages (orange, green lines) and CBOT July 2021 wheat (yellow line). (Barchart)

U.S. grains: Corn and soy mixed, wheat down

Wheats lower on weather view for U.S. Plains

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures closed mixed on Monday, with nearby contracts firming on support from tight supplies and strength in the cash market, while forecasts for warm weather that will boost crop development in the U.S. Midwest pressured new-crop issues, traders said. “The outlook warmed up for the Midwest over […] Read more

CME August 2021 live cattle (candlesticks) with 20- and 50-day moving averages (brown, black lines) and June 2021 lean hogs (pink high/low/close). (Barchart)

U.S. livestock: Live cattle futures close to unchanged

CME June lean hog futures fall

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled close to unchanged on Monday, with attempts at a bargain-buying rally fizzling out after hitting some key resistance points. Hog futures were lower, notching their third straight day of declines on a technical setback. Cattle futures had weakened along with corn futures to end […] Read more