GFM Network News

Feed weekly outlook: Barley, feed wheat at par in southern Alberta

Reading Time: 1 minute MarketsFarm – Feed barley prices in southern Alberta’s feedlot alley moved higher over the past few weeks, but the price rise will likely slow down as barley trades at par with feed wheat. Feed barley and feed wheat are both currently trading at around C$225 per tonne delivered into Lethbridge, Alta. “That’s a sell signal […] Read more

U.S. corn exports falter, soybean business could meet same fate

Reading Time: 4 minutes Fort Collins | Reuters – It is no secret that overseas demand for U.S. corn has been downright terrible as of late, and relief does not seem likely in the immediate term as purchase commitments remain dismal. Forward sales for U.S. soybeans are nothing to brag about either, but soy exporters have enjoyed more success recently than […] Read more

Bearish fund traders add to shorts in canola and corn

Reading Time: 1 minute MarketsFarm – Commodity fund traders added to their net short positions in canola and corn, while they maintained a steady position in soybeans, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC) as of Nov. 1. The net managed money short position in ICE Futures […] Read more

CBOT weekly outlook: Corn waits for news

Reading Time: 1 minute MarketsFarm – Commodities on the Chicago Board of trade were range-bound and “starving for news” at midweek. Scott Capinegro of Barrington Commodity Brokers in Illinois noted that the December corn contract started the month at US$3.88 per bushel, and was currently at US$3.8850. “It went absolutely nowhere,” he said. Snowstorms in North Dakota, South Dakota, […] Read more

Corn, soy harvest advances, except for in North Dakota: Braun

Reading Time: 4 minutes Fort Collins | Reuters – The U.S. Crop Watch growers report decent progression of the corn and soybean harvests last week, and the overall sentiment toward the crop is unchanged on the week. However, parts of North Dakota continue to struggle in the wet conditions, which are preventing harvest equipment from entering the fields. Four […] Read more

CBOT weekly outlook: Harvest activity drops commodities

Reading Time: 1 minute MarketsFarm — Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity, […] Read more

U.S. grains: Harvest pace drags on corn, soybeans

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended flat on Wednesday as optimism that China would significantly increase U.S. export purchases after offering to waive tariffs was overshadowed by a lack of confirmed buying and an accelerating U.S. harvest. Corn was also flat on harvest pressure and limited demand, while wheat firmed in a modest […] Read more

U.S. grains: Soybeans firm on Chinese trade prospects

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Tuesday on hopes of fresh export sales to China after Beijing gave major crushers waivers to import U.S. soybeans without retaliatory tariffs. Futures, however, drifted from early highs as new export deals failed to materialize and as farmers took advantage of the price spike to sell […] Read more