GFM Network News

U.S. grains: Soybeans up on yield uncertainty

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more

Farmer’s threat prompts USDA to pull staff from crop tour

Reading Time: 3 minutes Henry County/Chicago | Reuters — The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer. Farmers have complained this month that a government crop report did not reflect damage […] Read more

CBOT weekly outlook: U.S. grain traders watch yields, demand

Reading Time: 2 minutes MarketsFarm — Soybean and corn prices on the Chicago Board of Trade remain at the behest of geopolitical pressures and questionable crop yields. Terry Reilly, a grains analyst with Futures International in Chicago, said traders are keeping a close eye on the U.S. Pro Farmer tour throughout the eastern Corn Belt region. The tour has […] Read more

U.S. grains: Wheat slides on global supplies, drags corn lower

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more

U.S. grains: Corn, soybeans slide on beneficial weekend rains

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more

CBOT weekly outlook: Corn, soy markets see little action

Reading Time: 2 minutes CNS Canada — One trader isn’t expecting much movement on Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the U.S. Midwest. “I’m looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth,” said Scott Capinegro of Barrington […] Read more

U.S. grains: Corn, soy sag on harvest expectations

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday and soybeans declined almost as much, pressured by strong yield prospects in the Midwest crop belt, traders said. Wheat futures also eased, with the Chicago Board of Trade December contract hitting its lowest in four weeks. CBOT December corn settled down […] Read more

Prairie crop tour sees slightly bigger wheat, canola yields

Reading Time: 2 minutes Saskatoon | Reuters — Canadian farmers were on track to reap slightly larger wheat and canola yields, despite dry conditions and a wide discrepancy in growth rates, a crop tour estimated on Thursday. The inaugural Grain World crop tour, organized by FarmLink Marketing Solutions, toured the Prairie provinces on Tuesday and Wednesday. Moisture conditions vary […] Read more

U.S. grains: Corn hits contract lows on supply pressure

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows on Friday, pressured by technical selling and abundant global grain supplies ahead of another bumper U.S. harvest, traders and analysts said. Soybean futures also eased, declining from Thursday’s two-week high as investors took profits ahead of final data from the annual […] Read more