GFM Network News


U.S. grains: Corn hits contract lows on sluggish exports, mild weather

Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Friday, pressured by disappointing weekly U.S. export data and forecasts for benign weather in the heart of the Midwest crop belt, analysts said. Soybeans turned down, retreating from early advances, and wheat followed the lower trend. Chicago Board of Trade December corn settled […] Read more

U.S. grains: Corn extends slide on crop prospects

Chicago | Reuters –– Chicago corn futures fell for a third straight session on Wednesday, setting life-of-contract lows as improving crop ratings and benign weather forecasts raised confidence in U.S. harvest prospects, traders said. Wheat rose, with benchmark Chicago wheat rebounding from a three-month low set a day earlier and K.C. and Minneapolis hard wheat […] Read more






CBOT weekly outlook: Traders watching weather

MarketsFarm — Corn contracts have tested contract lows on the Chicago Board of Trade, and markets are in need of a bounce. “If contract lows get taken out, you’re talking almost another 10 cents to the downside,” said Steve Georgy, president of Allendale Inc. at McHenry, Illinois. “It’s going to be very important for us […] Read more





U.S. grains: Corn edges higher on cool weather

Chicago | Reuters — U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said. Wheat rose on technical buying and better-than-expected weekly U.S. export sales. But soybean futures declined, retreating from early strength […] Read more

U.S. grains: Soybeans up on yield uncertainty

Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more