GFM Network News


U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed […] Read more

U.S. livestock: Live cattle futures slip as slaughter rises

CME lean hog futures firm

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell on Wednesday, as cattle continue to back up, despite slaughter plants’ coming back online, traders said. CME lean hog futures firmed despite rising kill numbers, as social distancing rules in plants keep slaughter below normal rates. The nearby CME June live cattle futures contract settled down […] Read more


USDA sets coronavirus aid payments for corn, soy, wheat

Reading Time: < 1 minute Chicago | Reuters — U.S. farmers that grow crops including corn and soybeans will receive coronavirus assistance payments based on either half of their 2019 production or the supplies they had on hand as of Jan. 15, the government said on Tuesday. The coronavirus aid is the latest in a round of government payments that […] Read more

U.S. grains: Soy slips as traders await China deals

CBOT corn, wheat futures rise

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures dipped on Tuesday, pressured by a fast pace of planting and slowing export deals to China after a string of sales earlier in the month, traders said. “The trade is very dependent on China buying, and we really have not seen an announcement here in […] Read more


U.S. livestock: Hog futures fall

Live cattle futures firm while slaughter numbers rise

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled […] Read more

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

Reading Time: 3 minutes Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to […] Read more



China hits Australia with barley tariff

Duty to last for five years; China may turn to Canada, other exporters

Reading Time: 2 minutes Beijing/Sydney | Reuters — China added to tensions with Australia on Monday by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on Australian barley imports from Tuesday (May 19), which is expected to all but halt a billion-dollar trade between them. China’s ministry of commerce said it had confirmed dumping by Australia and significant […] Read more


U.S. grains: CBOT wheat hits lowest since March

Soybeans, corn firm as oil rallies

Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front and some much-needed rain in the U.S. Plains, traders said. Soybean futures were higher, supported by gains in the crude oil market as well as strong demand from China. […] Read more

U.S. livestock: Live cattle book third day of gains

CME to change cattle futures trading rules

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Monday, hitting their highest since April 1, with ongoing strength in the cash markets leading the way higher, traders said. Hog contracts were lower, with the front-month contract sinking to its lowest since April 29. The nearby CME […] Read more