GFM Network News


CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybean futures fall

Chicago wheat futures firm

Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up […] Read more

CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybean futures rise on energy market strength

Corn, wheat futures fall

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.3 per cent on Tuesday as a rally in the energy market boosted demand for soy-based biofuels, traders said. Wheat futures were down on profit-taking after three straight days of gains pushed the market to its highest since mid-August. The wheat weakness dragged corn lower. Soybeans were […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after […] Read more


CBOT December 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX December 2021 spring wheat (dark green line, left column). (Barchart)

U.S. grains: Wheat extends climb on tight U.S. supply

CBOT soy down; corn and oats up

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board […] Read more



CBOT December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat futures surge as supplies drop to 14-year low

CBOT soybean futures hit lowest since Dec. 29

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures surged on Thursday, after the federal government reported that U.S. supplies of wheat have fallen to their lowest level since 2007 — and that the wheat harvest is the smallest seen in 19 years. At the same time, the country ended the Sept. 1 crop year with slightly […] Read more

Photo: Thinkstock

Feed weekly outlook: Canadian markets firm, waiting on U.S. corn

Reading Time: < 1 minute MarketsFarm — Canadian feed grain bids remain strong, although end-users are only buying on a hand-to-mouth basis as they await an influx of cheaper corn imports from the U.S. “Everybody is waiting on the corn situation to figure out where we’ll go,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “Buyers are buying […] Read more


CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans, wheat move higher

New USDA stocks data due out Thursday

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Wednesday, rebounding from declines a day earlier, as traders adjusted positions ahead of a key quarterly stocks report from the U.S. government, analysts said. Soybeans and wheat futures also advanced, with all three commodities bucking pressure from a sharply higher U.S. dollar. Chicago Board of Trade […] Read more

CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn down off four-week top

CBOT oats down off 7-1/2-year high; soy, wheat also down

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday on macroeconomic worries as the dollar strengthened and crude oil futures turned down, and on harvest-related selling as combines rolled in the heart of the Midwest crop belt, analysts said. Soybeans and wheat followed the weak trend. Chicago Board of […] Read more