GFM Network News

U.S. grains: Wheat drops as Russia lessens export curb fears

Chicago | Reuters –– U.S. wheat futures fell nearly two per cent on Friday after Russia raised its grain export forecast and dampened speculation that tight supplies would prompt curbs on overseas shipments from the world’s biggest wheat supplier. Soybeans dropped to a three-week low as favourable weather boosted crop prospects in South America, overshadowing […] Read more

CBOT weekly outlook: Soybeans trend up, but trade off headlines

CNS Canada — Speculative short-covering and optimism over trade with China helped soybean and corn futures at the Chicago Board of Trade move higher over the week ended Wednesday. While additional gains are possible, both markets will take more short-term direction from the day-to-day headlines. Conflicting headlines, tweets and other commentary lead to a choppy […] Read more

CBOT weekly outlook: Rangebound soy, corn look for fresh news

CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more

CBOT weekly outlook: USDA report delivers no surprises

CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more