GFM Network News


U.S. grains: Corn, soy, wheat end lower ahead of long weekend

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more

U.S. livestock: Cattle bounce after this week’s four-month lows

Plentiful hog supplies drag on futures

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday on bargain buying after the benchmark April contract fell to a 4-1/2-month low this week, with traders citing expectations for a seasonal pickup in beef demand, traders said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled up 1.8 cents at […] Read more


U.S. livestock: Lean hogs edge up on hopes for Chinese demand

April live cattle up on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose modestly on Thursday on technical buying and hopes China will step up purchases of U.S. agricultural goods including pork as the U.S.-China Phase One trade deal takes effect, brokers said. Benchmark April lean hog futures on the Chicago Mercantile Exchange settled up 0.3 cent at 64.075 […] Read more

U.S. grains: Soy up on prospects for Chinese demand

U.S. dollar strength drags on wheat, corn

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more


U.S. livestock: Cattle rise on broad commodity strength

Nearby hogs down on weak cash values

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Wednesday, bouncing off a four-month low on bargain buying along with broad-based strength in equity and commodity markets as fears subsided about the impact of the COVID-19 coronavirus outbreak in China. The benchmark April live cattle futures contract on the Chicago Mercantile Exchange (CME) […] Read more

North American hog markets wracked by coronavirus

Reading Time: 2 minutes MarketsFarm — Besides shutting down entire cities and killing more than 1,000 people, China’s novel coronavirus outbreak has wreaked havoc on North America’s hog futures. “It’s a dubious relationship, but it is impacting markets,” said Tyler Fulton, risk management director for Hams Marketing Services in Winnipeg. Lean hog futures moved “in concert with drops in […] Read more


U.S. grains: Soybeans up as China pledges to fulfill purchases

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a sixth straight session on Monday on expectations that Beijing will meet the purchasing targets agreed in the Phase One trade deal with Washington, although concerns about the coronavirus outbreak in China capped gains. The most active soybean futures contract on the Chicago Board Of Trade […] Read more

Strong export demand, acreage ahead for barley

Lower supplies from Australia benefit Canadian growers

Reading Time: 2 minutes MarketsFarm — Canadian malting barley acreage is expected to remain high in the coming year, mostly due to strong export demand. Peter Watts, managing director of the Canadian Malting Barley Technical Center in Winnipeg, said tough harvest conditions were partially to blame for lowered malt barley output in 2019. “We had a fairly lousy harvest, […] Read more


U.S. grains: Wheat, corn up on technical buying, export optimism

Soybean traders remain cautious

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures rose on Thursday on chart-based buying and short-covering coupled with optimism about prospects for U.S. agricultural export sales to China, traders said. Soybean futures firmed but trailed the advances in grains. Chicago Board of Trade March corn settled up 4-1/4 cents at $3.83-1/2 per bushel after […] Read more

U.S. livestock: Hog futures advance for second day

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on follow-through buying after Thursday’s limit-up close and reminders of stepped-up Chinese demand for U.S. pork, traders said. Benchmark April lean hog futures on the Chicago Mercantile Exchange (CME) settled up 1.375 cents, at 66.25 cents/lb. (all figures US$). […] Read more