GFM Network News


CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn rise as funds step in after two losing sessions

Wheat up on 'water deficit' concerns

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more

ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Is a bear market next for canola?

Reading Time: 2 minutes Winnipeg | MarketsFarm — The canola market started to retreat this week as unpriced supplies still in the countryside approach non-existent, according to Wayne Palmer, analyst with Exceed Grain in Winnipeg. For the first half of the week of March 15, canola began to lose strength, particularly in old-crop months. That was highlighted at the […] Read more


CME February 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle rally on fund-driven buying

CME lean hogs end narrowly mixed

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rose two per cent on Tuesday, bouncing back from a sell-off a day earlier, lifted by speculative buying and broad strength in commodities as investors seek a hedge against inflation, analysts said. Chicago Mercantile Exchange (CME) February live cattle futures settled up 2.75 cents at 115.05 cents/lb. […] Read more

(File photo by Dave Bedard)

Funds sitting on large net long in canola

Reading Time: < 1 minute MarketsFarm — The net long position fund traders are holding in canola futures remains historically large, with almost all of the managed money in the market sitting on the long side, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday […] Read more


CBOT March 2021 wheat (candlesticks) with MGEX (green line) and K.C. (orange line) March 2021 wheat. (Barchart)

U.S. grains: Wheat futures hit two-month low

Soybean, corn futures also decline

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more

(Dave Bedard photo)

Profit-taking cuts into fund net longs in canola, soy

Reading Time: < 1 minute MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola […] Read more


(File photo by Dave Bedard)

Fund traders grow long positions in canola, U.S. futures

Reading Time: < 1 minute MarketsFarm — Fund traders were on the buy side in grain and oilseed markets during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 56,705 […] Read more

(Dave Bedard photo)

Funds still holding large net long position in canola

Reading Time: < 1 minute MarketsFarm — Funds’ net long position in canola remained large during the week ended Tuesday, with only small adjustments in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 56,913 contracts […] Read more


Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: USDA report bullish for corn, soy

Reading Time: < 1 minute MarketsFarm — Wednesday’s report from the U.S. Department of Agriculture (USDA) was a bullish influence for commodities on the Chicago Board of Trade (CBOT). USDA’s quarterly stocks report showed corn and soybean stocks were significantly lower than expected, totalling 1.995 billion bushels and 523 million bushels respectively. Corn stocks came in about 250 million bushels […] Read more

CBOT December 2020 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Wheat, soy, corn fall sharply on fund selling

'It is basically risk-off across the board'

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures plunged on Monday as concerns about fresh coronavirus-driven lockdowns due to rising global case counts sparked a wave of risk-off trades. The grains, led by a 3.7 per cent drop in wheat that marked its biggest daily percentage decline since August 2019, […] Read more