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GFM Network News

  • PHOTO: ALEXIS STOCKFORD

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Soybeans


Photo: File
Markets

Attention in CBOT soybeans/corn turning to spring weather

By GFM Network News April 10, 2024
North American weather conditions should become a major influence on the activity in the grain and oilseed markets in the upcoming weeks as farmers turn their attention to spring seeding.

File photo of the facade of the U.S. Department of Agriculture building in Washington, D.C. (Camrocker/iStock/Getty Images)
General, Markets, Reuters

USDA to halt July cattle report and some crop data, citing budget levels

Cancelation a 'major blow' to livestock sector, ag economist says

By Julie Ingwersen, Reuters, GFM Network News April 9, 2024
The U.S. Department of Agriculture is canceling its July cattle inventory report as well as county-level estimates for crops and livestock, the government said in a statement on Tuesday, citing budget constraints.


Photo: Thinkstock
Markets, Reuters

U.S. grains: Grain, soy futures keep dipping on weather, govt reports

By Reuters, GFM Network News April 9, 2024
Chicago Board of Trade (CBOT) wheat, soy and corn futures fell for a second straight day on Tuesday, weighed down by sustained competition abroad and improving U.S. planting weather on the horizon, analysts said.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: CBOT wheat ends lower; US crop rating seen as anchor

By Reuters, GFM Network News April 8, 2024
Chicago Board of Trade wheat dipped on Monday after a jump earlier in the day, as traders assessed conditions of the U.S. crops.


Photo: Thinkstock
Markets

Net short position in canola continues to shrink

By GFM Network News April 8, 2024
Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Photo: Thinkstock
General, Reuters

China’s drive to boost grain production hits bottleneck, state media says

By Reuters, GFM Network News April 8, 2024
China's drive to boost grain production has entered a bottleneck where it is difficult to increase production further, state media reported on Monday, as Beijing launched a new drive to raise domestic output by 50 million metric tons by 2030.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Wheat rallies on Black Sea tensions, weather worries

By Reuters, GFM Network News April 5, 2024
U.S. wheat futures spiked to a one-month high on Friday as the market was unsettled by spring weather risks in the northern hemisphere and renewed tensions in the Black Sea.

Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel
General

Calls to eliminate the carbon tax grow after the April 1 increase

By Karen Briere, GFM Network News April 5, 2024
Opposition to the federal price on pollution ramped up last week as several premiers called for a meeting with the prime minister to discuss the issue.


Photo: JJ Gouin/iStock/Getty Images Plus
Markets, Reuters

U.S. grains: Soybeans sink on weak US export sales, lower soyoil prices

By Reuters, GFM Network News April 4, 2024
Soybeans dropped on Thursday following lower-than-expected weekly export sales data from the U.S. Department of Agriculture (USDA), seasonally rising supplies from the South American harvest and falling soyoil prices.

(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Technical buying lifts grains, soy as US Midwest planting season nears

By Reuters, GFM Network News April 3, 2024
U.S. corn futures rose on Wednesday on technical buying and short covering that lifted prices from Tuesday's one-month lows as traders assessed Midwestern weather conditions before the spring planting season.


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