GFM Network News


U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more

U.S. grains: Wheat retreats from two-month peak

Corn rallies to end firm

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis that had sparked the recent run-up in wheat markets. Soybean futures also declined but corn rallied late in the session to eke out a modest […] Read more


ICE weekly outlook: Canola, soy crush margins up sharply

Reading Time: < 1 minute MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more

U.S. grains: Wheat climbs on global demand for bread

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Wednesday, with the May contract on the Chicago Board of Trade hitting a two-month high on a mix of technical buying and global demand for bread as the coronavirus prompts consumer stockpiling, analysts said. Corn futures closed modestly higher while soybean futures turned lower. CBOT May […] Read more


U.S. grains: Corn rebounds after multi-year lows

Soybeans firm, wheat sags

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Tuesday, clawing back from last week’s multi-year lows as traders covered short positions and farmer sales stalled, analysts said. Wheat futures declined, pressured by profit-taking after recent rallies, while soybeans closed modestly higher. Chicago Board of Trade May corn settled up 3-3/4 cents at $3.47-1/4 per […] Read more

U.S. grains: Wheat, soy rise after export deals

Corn sags on ethanol woes

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and wheat futures rose on Friday, supported by a pick-up in Chinese demand for U.S. commodities, traders said. But corn closed lower, giving up early gains with traders shrugging off a massive sale to China to focus on expectations for a weakened ethanol market as crude […] Read more


U.S. grains: Recent declines stoke export interest

CBOT May corn, soy, wheat all rally

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy […] Read more

U.S. grains: Corn skids to lowest level since September 2016

Wheat, soybean futures rise

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 2.2 per cent to their lowest level in 3-1/2 years on Wednesday, with falling prices for crude oil cutting into demand from the ethanol market, traders said. A crumbling cash market for corn added to the pressure in the futures contracts as dealers in the country slashed […] Read more


U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more

U.S. grains: Corn, soy, wheat book multi-month lows

Financial markets continue to drag commodities lower

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures sank to multi-month lows on Monday on worries about the coronavirus pandemic denting the global economy and chilling end-user demand for commodities, traders said. “The fear is still that it will only get worse as the week unfolds,” said Mark Schultz, chief analyst at Northstar Commodity […] Read more