GFM Network News


U.S. House ag leader loses election, unsettling Midwest farm sector

Reading Time: 2 minutes Chicago | Reuters — Democratic U.S. Rep. Collin Peterson, chair for the House of Representatives’ agriculture committee, failed to win re-election in Minnesota on Tuesday, a loss some agriculture leaders said could hurt the U.S. Midwest grain belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could […] Read more

U.S. grains: Corn declines on long liquidation

Soybeans lower, wheat rallies

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more


U.S. grains: Soy down on profit-taking after climb above US$10

CBOT corn, wheat also down

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday, retreating from two-year highs above US$10 a bushel as traders booked profits and forecasts called for favourable weather for the start of the U.S. Midwest harvest, analysts said. Corn futures backed down from six-month highs set a day earlier, and wheat also declined. Chicago Board […] Read more

U.S. grains: Soybeans climb on increased Chinese demand

Egypt buys Russian wheat in tender; traders await USDA crop reports next week

Reading Time: 2 minutes Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more


U.S. grains: Soybeans touch two-year high on dry weather

Wheat up with prices in Russia, Ukraine

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more

U.S. grains: Corn, soybeans, wheat rally

'We absolutely need heavy rainfall in a lot of areas'

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more


U.S. grains: Soy futures rise on fresh China sale

CBOT wheat firm, corn eases

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to their highest level in more than seven months on Wednesday with stepped-up demand from China and dry weather threatening to cut U.S. Midwest yields supporting prices for a third day in a row, traders said. Corn eased on technical selling and profit-taking after rising to a […] Read more

CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

Reading Time: < 1 minute MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more


U.S. grains: Corn, soy futures rise on crop concerns

Wheat sags from one-month peak

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Monday on expectations that a government report will show crop ratings deteriorated in the past week, underpinning recent forecasts that pegged the harvest below the U.S. Agriculture Department’s latest outlook. A spate of dryness across the U.S. Midwest, combined with a severe wind storm […] Read more

U.S. grains: Corn gains as Iowa yields falter on storm damage

Soybeans even near seven-month high; wheat down slightly on Russian yield forecast

Reading Time: 2 minutes Chicago | Reuters — Chicago corn rose on Friday after a U.S. Midwest crop tour found storm damage across top corn-growing state Iowa. Meanwhile, soybeans ended lower as tropical storms in the U.S. Gulf offered hope for much-needed rain in parts of the Midwest, offsetting strong export demand. And wheat rallied late in the day […] Read more