GFM Network News


U.S. grains: Corn, soy ease as harvest advances

USDA quarterly stocks data awaited

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on expectations of rapid harvest progress this week and a slowdown in demand from China, a big buyer of U.S. soybeans and corn, in recent weeks, analysts said. Wheat futures also fell but declines in all three commodities were muted as traders […] Read more

U.S. grains: Soybeans end down on harvest pressure

Chicago corn, wheat futures climb

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Monday on the outlook for favourable harvest weather in the heart of the Midwest, where producers are poised to sell soybeans and store their corn, analysts said. Traders were also squaring positions ahead of quarterly grain stocks reports due midweek from the U.S. Department of Agriculture. […] Read more


Prairie cash wheat: Bids mixed, reacting to futures and loonie

Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by support from a weakening Canadian dollar. The currency lost roughly a full cent during the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were steady to down $2 […] Read more

U.S. grains: Corn, soy firm after four days of losses

Chicago wheat futures weak

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, bouncing back from four straight days of declines on a mild round of bargain buying, traders said. But wheat futures weakened, weighed down by a firm dollar, which makes U.S. supplies more expensive to overseas buyers. Soybeans fell 4.1 per […] Read more


U.S. grains: Harvest pressure weighs on corn, soybeans

CBOT wheat futures firm

Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures dropped to their lowest in more than a week on Thursday, with investors locking in gains made from a recent rally as combines rolled across key production areas of the Midwest, traders said. “The grains appear to be in full-on profit-taking mode this week as the […] Read more



U.S. grains: Wheat, corn, soy fall as dollar rises

U.S. harvest accelerates, adding pressure

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.8 per cent on Wednesday, pressured by a firm dollar that traders said was depressing already weak overseas demand for U.S. supplies. “We are still not getting the export demand,” said Mark Schultz, chief market analyst at Northstar Commodity. “There is plenty of wheat […] Read more

U.S. grains: Soy lower as harvest pressure overshadows buying

Egypt buys Russian wheat at international tender

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures ended lower on Tuesday, retreating from early strength as pressure from the expanding U.S. harvest outweighed support from continued soy sales to China and strength in soymeal futures, traders said. Corn futures drifted lower on strong U.S. crop ratings and promising Midwest harvest weather, but wheat gained on […] Read more


U.S. grains: Wheat, soy, corn fall sharply on fund selling

'It is basically risk-off across the board'

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures plunged on Monday as concerns about fresh coronavirus-driven lockdowns due to rising global case counts sparked a wave of risk-off trades. The grains, led by a 3.7 per cent drop in wheat that marked its biggest daily percentage decline since August 2019, […] Read more

Funds’ net long keeps growing in canola

Reading Time: < 1 minute MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were […] Read more