GFM Network News


U.S. grains: Soybeans fall on South American rainfall

Russian export tax supports U.S. wheat; corn follows soybeans

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more

U.S. grains: CBOT corn touches 7-1/2-year high

Chicago wheat, soybeans down on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more


U.S. grains: Soy, corn futures ease off six-year highs

New USDA reports awaited

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more

U.S. grains: Soybeans set fresh high on supply worries, technical buying

Chicago wheat, corn also close higher

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more


U.S. grains: Wheat slides on Russian export tax details

CBOT soybean, corn futures firm

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.9 per cent on Monday, their biggest daily sell-off in two weeks, with traders saying that Russia’s export tax plan was bearish for prices in the short term. Soybean futures were firm, supported by a rising forecast for imports by top global producer Brazil, while corn edged […] Read more

U.S. grains: Futures rebound on short covering, pre-report positioning

Wheat bounces from two-month low

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and grain futures firmed on Wednesday in a short-covering rebound from prior session losses and as investors took positions ahead of a monthly U.S. Department of Agriculture (USDA) supply and demand report on Thursday. Wheat, which hit a two-month low this week, posted the strongest advance, while improving crop […] Read more


U.S. grains: Soybeans sink on South American rains, slowing demand

Wheat pressured by bumper crops in Australia, Canada

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices […] Read more

U.S. grains: Wheat posts weekly dip as supply worries ease

Corn, soy futures also lower

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than one per cent on Friday and recorded a weekly loss as expectations for bumper wheat harvests in Australia and Canada tempered fears of tightening global supplies. Corn and soybean futures declined on forecasts for beneficial rains in northern and central Brazil, although worries about dry […] Read more


U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more

U.S. grains: Soy futures sag on improving Brazil weather

CBOT March wheat rallies

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more