GFM Network News


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

U.S. grains: Wheat finds two-week high on strong global demand

Corn, soybeans little changed; wider markets encourage consolidation

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures firmed on Friday, ending near a two-week high as the market assessed mixed global production prospects and brisk import demand. Corn eased as supply pressure from the ongoing U.S. harvest countered background support from tight supplies, while soybeans inched higher after trading both sides of even. The most-active […] Read more

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

ICE weekly outlook: Canola waiting on fresh news

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market held rangebound during the week ended Wednesday, looking for some direction. “None of these markets are flashing any strong signals that there’s much going on… they’re waiting for fresh news and there isn’t much around right now,” said Ken Ball of PI Financial in Winnipeg. While uncertainty over […] Read more


CBOT December 2021 corn (candlesticks) with 20-, 100- and 200-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soy jump despite rising harvest as oil, equities gain

Accelerating harvest amid dry U.S. forecast caps gains

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rebounded on Wednesday from four sessions of declines in a technical and fund-buying bounce fueled by rising crude oil and equities markets, more than offsetting seasonal pressure from an accelerating U.S. harvest. Soybean and wheat futures also advanced as global economic jitters eased and the dollar weakened. The […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

Reading Time: < 1 minute MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1 […] Read more


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

U.S. grains: Soy, wheat, corn consolidate after earlier gains

Wheat ends week nearly three per cent higher

Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans, corn and wheat eased on Friday as the markets consolidated after earlier gains, pressured by a continuing U.S. harvest and limited exports at hurricane-damaged U.S. Gulf export terminals. The most-active soybean futures on the Chicago Board of Trade fell 12 cents to $12.84 a bushel, ending the week down […] Read more

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

U.S. grains: CBOT wheat up after mixed trade

Traders eye U.S. corn harvest results

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures ended higher on Thursday after struggling for direction as traders assessed reduced harvest prospects in major exporting countries. Corn and soybean futures were little changed after topping two-week highs. Traders focused on global supply risks for wheat as Strategie Grains sharply lowered its projection for […] Read more


Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)

China applies to join Trans-Pacific trade pact

Second-biggest economy seeks to add to economic clout

Reading Time: 2 minutes Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in […] Read more

CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Nearby hogs up in rebound off six-month low

CME cattle futures slide

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more


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

U.S. grains: Corn, soybeans climb

Wheat up on global supply concerns

Reading Time: < 1 minute Chicago | Reuters — Chicago corn futures climbed on Wednesday, supported by strength in the crude oil market and firming wheat futures. Wheat climbed as Russia joined France and Canada this week in reducing its production forecast for wheat at a time of strong global demand. Soybeans firmed, though gains were limited as canceled exports […] Read more

Tropical Storm Nicholas in the Gulf of Mexico on Sept. 14, 2021. (Nesdis.noaa.gov)

Some grain terminals restart after Ida as Nicholas rains arrive

Reading Time: 2 minutes Reuters — Another grain export terminal near Louisiana’s Gulf Coast shuttered for two weeks by Hurricane Ida restarted operations this week even as heavy rains from Tropical Storm Nicholas battered the region on Tuesday. Global grain trader Cargill said it had reopened its Westwego, La. grain export terminal and on Monday unloaded its first grain […] Read more