GFM Network News

U.S. grains: Wheat futures jump on weather woes

CBOT corn flat, soy firm

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied on Monday with K.C. hard red winter wheat hitting a two-year high on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in the wheat market while soybeans closed firm on […] Read more

Pulse weekly outlook: Ukraine’s pulse production waning

Reading Time: 2 minutes MarketsFarm — There has been a marked decline in the amount of pulses grown by farmers in Ukraine over the last couple of years, highlighted in an article written for the Global Pulse Confederation by Sergey Feofilov, director general of UkrAgroConsult. Feofilov noted total pulse production in Ukraine dropped almost 25.9 per cent from 2018 […] Read more

China eases customs curbs for soy imports through northern border

Reading Time: 2 minutes Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more

Ukraine president plans farmland reform, large privatizations

Reading Time: 2 minutes Kiev | Reuters — Ukraine President Volodymyr Zelenskiy ordered his new government to submit a draft law for land market reform by the start of October and to prepare large-scale privatizations of state companies starting in April next year. Zelenskiy has pledged to lift a longstanding ban on the sale of farmland, a move that […] Read more

Pulse weekly outlook: India’s drought could be field pea opportunity

Reading Time: 2 minutes MarketsFarm — Though India has curbed its pulse crop imports from Canada in recent years due to disagreements over crop control and fumigation, a challenging growing season in India could make Canadian pulses more attractive. Drought-like conditions in key growing areas of India have killed dozens of people and endangered crops. According to Reuters, key […] Read more

U.S. grains: Soybeans rise ahead of G20 talks, wheat declines

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Tuesday as brokers adjusted positions ahead of trade talks between China and the U.S. at the upcoming G20 meeting. Corn ended narrowly mixed while wheat futures fell on technical selling and worries about export demand for U.S. supplies. In addition, concerns eased about political tension between […] Read more

U.S. grains: Soybeans sag on fears of fading export prospects

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell about two per cent and neared a four-week low on Monday on chart-based selling and worries about export prospects for U.S. supplies amid a trade war with China, traders said. Corn futures followed soybeans lower. But wheat futures rose on fears that Russian-Ukrainian tensions could inhibit grain […] Read more