GFM Network News


MGEX May 2021 spring wheat (candlesticks) with 20-day moving average (gray line) and CBOT May 2021 wheat (orange line). (Barchart)

U.S. grains: Wheat lifted on spring planting concerns

Near-term tightness in world supply underpins soy, corn

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Wednesday, following the Minneapolis Grain Exchange’s hard red spring wheat higher on concerns that dryness across the U.S. Great Plains could affect spring wheat plantings. Chicago corn gained ahead of the U.S. Department of Agriculture’s monthly supply and demand report on Friday, which is expected to […] Read more

CBOT May 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages and November 2021 soybeans (blue line). (Barchart)

U.S. grains: Soybeans rise on tight near-term supply

CBOT corn mixed, wheat lower

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Tuesday as traders assessed the impact of a lower-than-expected U.S. plantings forecast and a rain-delayed harvest in Brazil on ever-tightening supplies of the oilseed. Corn futures were mixed, with old-crop contracts rising slightly as investors adjusted positions ahead of a monthly U.S. Department of Agriculture world […] Read more


(JBSFoodCanada.ca)

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

Reading Time: 2 minutes Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: Markets move ahead of USDA report

Reading Time: 2 minutes MarketsFarm — Chicago Board of Trade (CBOT) market participants are awaiting next week’s prospective plantings report from the U.S. Department of Agriculture (USDA), due out March 31. Ahead of the report, average trade estimates predict 93 million acres of corn, 90 million acres of soybeans and 46 million acres of wheat will be planted in […] Read more


(JBSs.infoinvest.com.br)

JBS pledges net zero greenhouse emissions by 2040

Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has committed to zeroing the balance of its global greenhouse gas emissions by 2040, the company said on Tuesday, amid criticism of its role in a Brazilian beef industry driving rainforest destruction. “We know it is very difficult to achieve this,” CEO Gilberto Tomazoni […] Read more

CBOT May 2021 soybeans (candlesticks) with 20- and 50-day moving averages and CBOT May 2021 soyoil (black line). (Barchart)

U.S. grains: Soyoil leads soybean complex higher

Wheat follows corn, soy higher

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains production belt. The most-active soybean […] Read more


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

U.S. grains: Corn steps back after export-led rally

Wheat nears three-month low on better U.S. weather; soyoil pulls soybeans higher

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dipped on Monday as improving South American crop weather added pressure to prices after export sales on Friday rallied the market. Soybeans were lifted by rallying soyoil futures, while wheat closed barely higher as favourable planting weather in the U.S. Great Plains and the Black Sea region limited […] Read more

CBOT May 2021 corn (candlesticks) with Bollinger bands (20,2) and May 2021 WTI crude (black line). (Barchart)

U.S. grains: Corn, soy slump in broad-based commodities selloff

Weekly corn export sales top estimates, China buys more

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Thursday as a firm U.S. dollar and tumbling energy prices, with crude oil down more than eight per cent, stoked broad selling across commodities markets. The steepest corn and soy declines in more than a week marked a further pullback from recent highs as […] Read more


(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Crop futures in all directions

Reading Time: < 1 minute MarketsFarm — Chinese sales of corn and a recent run of good weather in the U.S. are affecting futures on the Chicago Board of Trade (CBOT) Wednesday, according to a broker. Ryan Ettner of Chicago-based Allendale Inc. said recent purchases of old-crop corn from China are supporting prices, while prices for new-crop have stayed relatively […] Read more

CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans slide on slowing exports, Argentina rains

USDA confirms more U.S. corn sales to China

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures retreated on Wednesday on slowing export sales as global demand shifts to South American supplies and as U.S. farmers prepare to dramatically increase plantings of the oilseed this spring. Corn futures were mixed, with the nearby contract firming as strong sales to China stoked concerns about tightening supplies. […] Read more