GFM Network News


U.S. grains: Wheat, corn, soy fall as dollar rises

U.S. harvest accelerates, adding pressure

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.8 per cent on Wednesday, pressured by a firm dollar that traders said was depressing already weak overseas demand for U.S. supplies. “We are still not getting the export demand,” said Mark Schultz, chief market analyst at Northstar Commodity. “There is plenty of wheat […] Read more

AgDealer plugs into forex service provider

Listing site to offer currency exchange service on cross-border purchases

Reading Time: < 1 minute Farmers buying used iron internationally by way of AgDealer are getting access to what’s billed as a lower-cost option to handle the currency exchange. AgDealer, Canada’s largest used farm equipment shopper publication and online listing platform, announced a partnership Tuesday with OFX Group, an Australian-based online currency exchange provider. Farmers, distributors and buyers outside of […] Read more


CBOT weekly outlook: Chinese demand leading factor in bullish soy market

Reading Time: < 1 minute MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more

CBOT weekly outlook: Rain needed across U.S. Midwest

Reading Time: 2 minutes MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more


ICE weekly outlook: Weaker U.S. dollar ripples into canola

Reading Time: < 1 minute MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more

U.S. grains: Soybeans firm as U.S. biodiesel data lifts soyoil; corn flat

Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures rose on Friday for a second session as soyoil futures climbed more than 1 percent on demand from the soy-based biodiesel fuel sector, traders said. Corn futures were little changed, anchored by benign weather in most of the Midwest crop belt that favored good yields, while wheat futures […] Read more


U.S. grains: Corn ends nearly flat as crop prospects offset big sales to China

Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures closed fractionally higher on Thursday but held just above one-month lows, as benign crop weather and expectations of a large harvest offset news of massive U.S. corn sales to China, analysts said. Soybean futures ended firmer higher while wheat futures drifted lower. Chicago Board of Trade December corn […] Read more

U.S. grains: Corn falls to one-month low as mild U.S. weather favours crops

Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures fell for a fourth straight session on Wednesday, touching their lowest level in a month as mild weather in most of the Midwest favored prospects for a large harvest, analysts said. Soybeans also fell on beneficial weather outlooks. But wheat futures rose on short-covering and optimism about export […] Read more


U.S. grains: Corn falls to 1-month low, soy futures dip

Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures hit a one-month low and soybean futures also tumbled on Tuesday as improving U.S. crop condition ratings and favorable weather outlooks supported expectations for large harvests this autumn, analysts said. Wheat followed the weaker trend. Chicago Board of Trade December corn settled down 4-1/2 cents at $3.30 per […] Read more

U.S. grains: Soybeans firm on more sales to China

Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures edged higher on Monday as strong export sales, most notably to China, offset pressure from good crop weather that reinforced expectations for a sizable U.S. harvest this autumn. Corn futures eased as mild temperatures and timely rains across the Midwest farm belt were seen boosting prospects for the […] Read more