GFM Network News


U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more

U.S. grains: Corn continues upward on USDA acreage data, weather worries

Wheat, soy also firm on lower-than-expected USDA acreage; traders eye forecasts for warm, dry Midwest weather

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures extended a rally on Wednesday to their highest in more than three months after a steeper-than-expected reduction to the U.S. government’s 2020 corn acreage estimate, analysts said. Soybeans and wheat gained after the U.S. Department of Agriculture’s acreage report on Tuesday also showed smaller-than-expected plantings of the grains. […] Read more


U.S. grains: Corn, soy climb on smaller-than-expected acreage view

Wheat follows corn, soy higher

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures surged nearly four per cent on Tuesday after the U.S. Department of Agriculture reported that American farmers planted 92 million acres of corn this spring, a figure that fell below a range of analyst expectations. Soybean futures rose after USDA put U.S. plantings at 83.8 million acres, up […] Read more

U.S. grains: Corn, soybeans sink on Midwest weather

Wheat plunges on technical selling, harvest pressure

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell for a fifth straight session on Friday on crop boosting rains across the Midwest and positioning ahead of government reports on U.S. plantings and stocks due next week. Wheat futures tumbled to contract lows, with soft red winter wheat hitting its lowest in nearly 10 […] Read more


U.S. grains: Corn drops to six-week low

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures tumbled to the lowest in six weeks on Thursday and soybeans fell for a fourth straight day as forecasts for crop boosting rains across the U.S. Midwest reinforced prospects for bumper crops this year. Technical selling as futures fell below recent lows added pressure, sending some new-crop corn […] Read more

U.S. grains: Soy, corn slump on crop weather, economic concerns

U.S. Midwest sees generally mild temperatures

Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more


U.S. grains: Soybeans climb as China trade talks progress

July wheat down over four per cent on week

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Friday as U.S. trade talks with China continued, invigorating hopes the top soybean importer would reach earlier export estimates. Wheat fell as the U.S. winter wheat harvest progressed, while corn inched higher on technical positioning. The most active soybean futures on the Chicago Board of Trade […] Read more

Prairie cash wheat: Most bids see gains on the week

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Canada Western Red Spring (CWRS) wheat made the strongest gains, as Canada Prairie Spring Red (CPSR) was either side of steady. There were modest increases for Canada Western Amber Durum (CWAD). Support came from the Canadian dollar losing about two-10ths […] Read more


Feed weekly outlook: Lower stocks support grain prices

Corn still 'competitively' priced

Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada have been strong lately, as old-crop supplies reach seasonal lows. “We’re getting to the bottom of old-crop stocks,” said Allen Pirness of Market Place Commodities in Lethbridge. However, he noted, growing conditions on the Prairies have been favourable, with no indication of a “drought-induced early harvest.” Old-crop […] Read more

CBOT weekly outlook: Spring wheat premium widening over winter wheat

Row crop futures stuck in sideways range

Reading Time: 2 minutes MarketsFarm — All eyes remain on weather conditions in U.S. grain and oilseed markets, with soybeans and corn stuck in sideways patterns while seasonal harvest pressure causes the spring wheat premium to widen over the winter wheats. The advancing winter wheat harvest has weighed on Chicago and Kansas City winter wheat contracts recently, with reports […] Read more