GFM Network News


U.S. grains: Wheat rises on Russian export tax plan

Corn, soybeans fall on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive […] Read more



U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more

U.S. livestock: Cattle, hog futures fall as corn rises

U.S. beef, pork export sales both up on week

Reading Time: < 1 minute Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today, […] 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. livestock: Hog, live cattle futures mixed on feed cost concerns

Bargain buying lifts March feeders

Reading Time: < 1 minute Chicago | Reuters — Nearby U.S. hog and live cattle futures weakened on Wednesday, weighed down by prospects for rising feed costs due to higher prices for corn, soybeans and wheat. But the livestock futures market was strong for many deferred contracts as traders expressed concerns about supplies tightening by the end of the year. […] Read more


U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook

Wheat futures at six-year high; corn, soy at 6-1/2 year highs

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more

U.S. livestock: Lean hog futures rise as corn surge seen squeezing supply

Cash prices pressure nearby live cattle futures

Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed its 2020 harvest estimate, with […] Read more


U.S. grains: Futures slip on South American rains

USDA report seen cutting U.S. soy, corn supply estimates

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more

U.S. livestock: Live cattle sink on profit-taking, technical selling

Lean hogs, feeder cattle mixed

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures fell on Monday in a profit-taking and technical-selling setback amid concerns about weaker demand for cattle and beef, traders said. Position rolling by funds, as they closed out long positions in the spot month and bought deferred contracts on the second day of the five-session “Goldman roll” period, […] Read more