GFM Network News


CBOT weekly outlook: Chinese demand leading factor in bullish soy market

Reading Time: < 1 minute MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more

U.S. livestock: Futures mixed on pork export questions, cattle supplies

U.S. beef packer margins down on week

Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures had a mixed performance on Tuesday, as the supply of cattle being offered for sale continued to shrink and traders wrestled with uncertainty over pork export demand. An additional five cases of African swine fever (ASF) were initially found in dead wild boars in Germany. Initial tests were […] Read more


U.S. grains: Soybeans top $10 a bushel on Chinese demand, smaller crop

Chicago corn, wheat also up

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures advanced on Monday, with the most-active contract rising above US$10 a bushel for the first time in two years on strong export demand from China, before paring gains on profit-taking, analysts said. Corn futures ended modestly higher after reaching a six-month top and wheat also rose. Chicago Board […] Read more

U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking

Hogs 'stretched out technically last week'

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more


U.S. livestock: Lean hogs climb on bullish pork export prospects

Live cattle continue following hogs higher

Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more

U.S. grains: Soy rallies on expectations for higher exports

U.S. yield estimates may decline more, analysts say

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures on Friday rallied to their highest since June 2018 as traders projected an increase in the U.S. Department of Agriculture forecast for exports with a further cut in domestic production. Corn futures reached a six-month high, while wheat futures fell to a two-week low. USDA, […] Read more


U.S. livestock: Hog futures limit up on pork export optimism

CME live cattle follow lean hogs higher

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more

U.S. grains: Corn up as hog futures soar

Soybeans down on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to their highest in five months on Thursday as news of a swine disease in Germany fueled expectations of increased demand for U.S. pork and feed grains, traders said. Firm cash markets for corn ahead of the start of the U.S. Midwest harvest added support, along with […] Read more


Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

Reading Time: 2 minutes Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around […] Read more

Feed weekly outlook: Barley finds support in lull between old, new crops

Reading Time: < 1 minute MarketsFarm — Feed barley bids in Western Canada are seeing some modest strength in early September, as old-crop supplies run out and the new crop is not yet available. “Prices have definitely gone up this past week,” said Mike Fleischhauer of Eagle Commodities at Lethbridge. Expectations for a good 2020 crop had farmers making space […] Read more