GFM Network News



U.S. grains: Profit-taking pressures soybeans

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Wednesday as investors took profits after six days in a row of price increases, while wheat and corn sank on technical selling. Traders shrugged off news of the largest soybean sale to China in more than eight months, in the absence of fresh signs of a […] Read more


CBOT weekly outlook: WASDE yields mixed results

Reading Time: < 1 minute MarketsFarm — World agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) have turned out largely bullish for wheat values, bearish for corn and neutral for soybeans on the Chicago Board of Trade (CBOT). The report, released Tuesday, lowered U.S. wheat stocks by 40 million bushels to total 947 million tonnes, […] Read more

U.S. grains: Soy, corn firm on trade deal hopes

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary […] Read more


U.S. grains: Soybean futures set two-week high

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more

U.S. grains: Soy futures follow rally in soymeal

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more


CBOT weekly outlook: Headlines, geopolitics drive prices

Reading Time: < 1 minute MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more

U.S. grains: Soy futures fall to two-month low

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more


U.S. grains: Wheat futures climb on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit their highest in nearly a week on Tuesday as declining U.S. wheat condition ratings and worries about Southern Hemisphere crop prospects fueled a round of short-covering, analysts said. Corn firmed on signs of improving export prospects and soybean futures closed modestly higher. Chicago Board of Trade December […] Read more

U.S. grains: Corn, soy slide on South American weather, trade worries

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit a two-month low on Monday and soybean futures touched their lowest in seven weeks on forecasts for improving crop weather in South America and uncertainty about prospects for a U.S.-China trade deal, analysts said. Wheat futures rose as worries about tightening global supplies sparked a round of […] Read more