GFM Network News



U.S. grains: CBOT corn, soybeans rebound on strong demand

March wheat closes weak

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Thursday, with end users stepping in to buy the market one day after prices posted sharp declines. “On hard breaks, the end users really need the supply,” said Don Roose, president of U.S. Commodities in West Des Moines, Iowa. “They are […] Read more


U.S. grains: Corn, soy, wheat fall sharply on profit taking

'We just ran out of bullish news'

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

Soy, corn tumble on improved weather; wheat extends fall

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more


CBOT weekly outlook: Soy, corn turn bearish

Traders keep an eye on South America

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more

U.S. grains: Futures slip on South American rains

USDA report seen cutting U.S. soy, corn supply estimates

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more


U.S. grains: Soybeans to 6-1/2-year top on expectations of tightening stocks

Corn futures up, wheat retreats

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies. Corn futures also rose, hovering near multi-year highs set this week above […] Read more

U.S. grains: Soy rally extends into 2021

South America soybean supply fears continue; corn ends mixed

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more


U.S. grains: Soybeans touch 6-1/2 year high

Corn follows as traders eye South American crops

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged to their highest in 6-1/2 years on Friday as the rain outlook in key South American growing areas remained uncertain, threatening harvest prospects as global demand strengthens, traders said. Forecasts of low U.S. soybean inventories and strong demand from U.S. processors and importers like China have made […] Read more

U.S. grains: Corn, wheat, soybeans rally with exports in focus

CBOT March wheat passes US$6 mark

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures rose on Thursday, with soybeans soaring past the US$12 a bushel mark and hitting a fresh 4-1/2-year high after a strong weekly export report sparked a rally, traders said. The good demand for U.S. supplies highlighted concerns about potential harvest shortfalls in South […] Read more