GFM Network News


U.S. grains: Wheat falls as dollar bounces

Soy firms on export business

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, pressured by a firmer dollar, which makes U.S. grains less competitive globally, and expectations of a busy harvest weekend in the breadbasket of the U.S. Plains, analysts said. Soybeans closed steady to higher and posted a weekly rise of about three per cent as export […] Read more

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

Reading Time: < 1 minute MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more


CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

Reading Time: < 1 minute MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more

ICE weekly outlook: More virus volatility expected in canola

Reading Time: < 1 minute MarketsFarm — A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE Futures canola market. However, volatility and uncertainty are expected to remain the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of […] 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

CBOT weekly outlook: Soybeans, corn recover

More gains possible

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of […] Read more



CBOT weekly outlook: Commodities hold up while waiting on China

Reading Time: 2 minutes MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more


U.S. grains: Soy up on prospects for Chinese demand

U.S. dollar strength drags on wheat, corn

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more

U.S. grains: Markets remain cautious, rangebound ahead of holiday

Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures were mixed on Tuesday, slipping at one point from a six-week high hit in the previous session, as grain markets remained cautious and positive trade news with China weighed against disappointing export sales data, traders said. The market has high expectations of top-consumer China ramping up soy purchases […] Read more