GFM Network News

U.S. grains: Soy down on China concern

Reading Time: 2 minutes U.S. soybean futures ended lower on Monday, on concerns that China soon may be shifting its soy buying to South America from the U.S., and on outlooks for better crop weather in South America. Corn held firm for the third consecutive trading session on short-covering and weather issues in Argentina, while wheat was lower on […] Read more

U.S. grains: Soy up for third day on meal exports, cash meal

Reading Time: 2 minutes U.S. soybean futures rose 0.5 per cent on Tuesday, their third straight session of gains, due to higher soymeal, active soymeal exports and stronger cash soymeal markets. The January soymeal contract rose to a contract high of $449.30 per ton in reaction to the active exports and to tight soymeal stocks (all figures US$). It […] Read more

U.S. grains: Corn eases on proposal to nix ethanol mandate

Reading Time: 3 minutes U.S. corn futures fell on Thursday, notching the biggest one-day loss since mid-November, after a group of U.S. senators proposed ending that country’s mandate to use corn-based ethanol. Corn also eased on concerns about the fate of U.S. corn sales to China after the country began rejecting cargoes containing an unapproved GMO corn variety and […] Read more

U.S. grains: Wheat drops on poor exports

Reading Time: 3 minutes U.S. wheat futures fell more than one per cent to a one-week low on Thursday on slow U.S. export sales of wheat and a larger-than-expected Canadian crop. Wheat tumbled for the second day in a row, and at 1.5 per cent, posted its biggest one-day decline in over two months. European wheat futures, which hit […] Read more

U.S. grains: Canada’s big crop hits wheat

Reading Time: 3 minutes U.S. soybean futures were higher on Wednesday, reversing two days of declines, on technical buying despite prospects for a huge soy harvest in South America. “I don’t see any thing fundamental to this, it was technical with buy-stops hit and there also was buying of March $13.20 calls in options, which helped,” a trader said […] Read more

U.S. grains: Wheat up on export demand, weather worries

Reading Time: 3 minutes U.S. wheat futures ended higher on Tuesday on growing export demand and a cold snap forecast for late this week that may harm some U.S. wheat, but gains were capped by increased production prospects in Australia. Corn closed firm as well on short-covering and on spillover from the gains in wheat while soybeans were mixed […] Read more

U.S. grains: Corn tumbles to three-year low on ethanol plan

Reading Time: 2 minutes Chicago Board of Trade corn futures fell to a fresh three-year low on Monday on pressure from a proposal to lower the use of corn-based ethanol in the U.S. and on news China rejected a cargo of U.S. corn which contained a genetically modified variety not approved for import. Corn fell for the fifth consecutive […] Read more