GFM Network News


U.S. grains: Soy declines, corn firms as China deal’s terms awaited

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Monday on favourable crop weather in South America and position-squaring as traders waited to see if a U.S.-Chinese trade agreement due to be signed this week will herald a significant increase in demand for U.S. crops. Wheat futures also fell, down from multi-month highs set last […] Read more

U.S. grains: Corn, soy shrug off benign USDA data

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybeans were steady to higher on Friday as investors looked past revised U.S. Department of Agriculture (USDA) supply-and-demand projections and focused on improved prospects for exports to China, which is due to sign an interim trade deal with the United States next week. The USDA data, released during […] Read more


Ocean freight rates trending lower

Reading Time: < 1 minute MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more

U.S. grains: Soybeans bounce on China trade hopes

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more





Fictional nation Wakanda removed from USDA trade list

Reading Time: 2 minutes Reuters — The U.S. Department of Agriculture (USDA) said it removed the fictional country of Wakanda from an online list of nations that have free trade agreements with the United States on Thursday. The Kingdom of Wakanda is the home of Black Panther, the Marvel superhero, and is portrayed in comic books and the 2018 […] Read more

Chinese officials, Trump agree to tariff rollbacks

Reading Time: 3 minutes Beijing/Washington | Reuters — The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of U.S. farm goods. Chinese officials offered no specific details on the amount of U.S. agricultural goods Beijing had agreed to buy, a key […] Read more


U.S. grains: Soybeans slide, nearing support at US$9

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in almost two months on Thursday as uncertainty about progress in U.S.-China trade talks overshadowed support from stronger-than-expected weekly U.S. export sales, analysts said. Wheat futures also declined, backing down from a two-week high, but corn futures rose on signs of improving export and […] Read more

CN to cut management, union jobs

Reading Time: < 1 minute Reuters — Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown. The company will lay off 1,600 employees in the U.S. and Canada, according to a report by the Globe and Mail. The announcement comes amid declining freight volumes as […] Read more