GFM Network News



CBOT weekly outlook: Weather, trade wars keep futures volatile

MarketsFarm — Extended durations of wet spring weather continue to buoy prices on the Chicago Board of Trade — and price volatility will remain high based on long-term weather forecasts. “Whenever you’re in a weather problem phase, volatility tends to increase,” explained Terry Reilly, a grains analyst with Futures International. Currently, soybeans are trading around […] Read more


Trump lifts curbs on E15 gasoline

Washington | Reuters — The Trump administration on Friday lifted restrictions on the sale of higher ethanol blends of gasoline, keeping a campaign promise to farmers suffering from the trade war with China but inviting a legal challenge from the oil industry. The announcement allows gasoline stations to sell blends containing up to 15 per […] Read more






CBOT weekly outlook: U.S./China deal awaited

MarketsFarm — The Chicago Board of Trade is carefully watching the prolonged trade drama between the U.S. and China and waiting to see if the two countries will reach an agreement in days to come. “Headlines are leading trade,” remarked Steve Georgy, president of Allendale Inc. at McHenry, Il. “Markets are revolving around China talk, […] Read more

Feed weekly outlook: Prices steady ahead of seeding

MarketsFarm — Feed grain prices have firmed up ahead of seeding, and producers are quick to make room in feed bins ahead of seeding. “New-crop price is significantly lower than old-crop, so at some point they’re going to converge,” said Allen Pirness, senior trader with Market Place Commodities in Lethbridge. Statistics Canada’s crop intentions report, […] Read more



ADM’s move to spin off ethanol assets speaks to industry’s woes

New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more