GFM Network News

U.S. grains: CBOT wheat surges to five-month high

Reading Time: 2 minutes Corrected, Nov. 30 — Chicago | Reuters — Chicago wheat futures exploded to a five-month high on Friday due to threats to global production and as fund scrambled to cover their short positions in the post-holiday market, traders said. The wheat rally gave support to Chicago corn futures, which hit a three-week high on the […] Read more

Scramble for propane marks Mother Nature’s latest challenge for U.S. farmers

Reading Time: 3 minutes Chicago | Reuters – Months after historic floods ravaged the U.S. Midwest, farmers scrambling to harvest their crops face a new headache: finding fuel to dry their soaked grains. Normally, farmers use propane as fuel for grain dryers to reduce moisture levels in corn crops to ready for sale or to safely store the grain. But the […] Read more

U.S. livestock: Live cattle set six-month high on fund buying, firm cash prices

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures shot to a six-month high on Friday and feeder cattle reached their highest prices since May on fund buying and strength in the cash market, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 2.3 cents at 119.525 cents per pound after reaching 119.7 cents, […] Read more

U.S. grains: Soybeans firm on China soy purchase, corn falls on uncertain U.S. harvest

Reading Time: 2 minutes Chicago | Reuters – U.S. soybeans futures firmed on Friday on news of another Chinese purchase of U.S. oilseeds and renewed hopes of progress in talks to resolve the trade war that has dramatically cut U.S. soybean exports to China. Wheat futures were stubbornly rangebound thanks to a weakening dollar. Corn prices stuttered as the […] Read more

U.S. livestock: Live hogs slump on U.S.-China trade uncertainty, cattle continue rally

Reading Time: 2 minutes Chicago | Reuters – U.S. live hog futures slid on Tuesday amid conflicting news about U.S.-China trade talks next month, traders said, while cattle futures continued to rally on funds’ adding to their positions. So far, beef demand is showing no sign of waning, according to federal government data. The wholesale choice beef cutout price […] Read more

U.S. grains: Corn, soybeans mixed on harvest progress, weather uncertainty

Reading Time: 2 minutes Chicago | Reuters – Chicago corn and soybean futures were mixed on Tuesday as an advancing U.S. harvest curbed price gains while traders awaited further developments in U.S.-Chinese trade negotiations. Wheat edged higher for most of the session, with support from an Egyptian import tender that put the focus back on global demand and rising […] Read more

U.S. livestock: Live cattle continue to rally on strong cash prices, fund buying

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures extended their rally on Monday, lifted by strong cash cattle and beef prices, and funds continuing to add to their positions, traders said. The wholesale choice beef price hit $227.51 per cwt on Monday, up $2.07, the U.S. Department of Agriculture (USDA) said. The wholesale select beef prices rose […] Read more

U.S. grains: Soybeans bounce off two-week low on U.S.-China trade hopes

Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures inched up on Monday, rising off a two-week low touched on Friday on hopes for progress in trade talks between Washington and Beijing to settle a conflict that has heavily reduced U.S. agricultural exports to China. Meanwhile, corn and wheat futures slipped on expectations a U.S. Department of Agriculture (USDA) […] Read more