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GFM Network News

  • Photo: Clinton Austin/Getty Images Plus

    U.S. livestock: Feeder cattle hit contract highs on tight supply

    43 minutes ago
  • (Medioimages/Photodisc/Getty Images)

    U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

    1 hour ago
  • Alberta harvest wrapping up: report

    1 hour ago
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Soybeans


(Medioimages/Photodisc/Getty Images)
Markets

CBOT weekly outlook: Little to come from March S/D report

Exports the most likely category to see changes, analyst says

By GFM Network News March 6, 2024
There will likely not be a lot of notable changes in the March supply and demand report from the United States Department of Agriculture.

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

U.S. grains: Grains and soy falter on large South American supplies

Most analysts expect USDA to lower its Brazil harvest estimate

By Reuters, GFM Network News March 5, 2024
Chicago Board of Trade soybean futures slipped on Tuesday, surrendering gains from the previous session as large South American supplies weighed on the market.


File photo of black beans. (Nhattienphoto/iStock/Getty Images)
Crops, Markets

Pulse weekly outlook: More acres for dry beans in Manitoba

Soybean acres also expected to increase

By GFM Network News March 5, 2024
The Manitoba government’s pulse specialist said it’s likely there will be more dry bean acres seeded in the province this spring.

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

U.S. grains: Soybeans and corn rise on bargain-buying after sharp falls

Brazil soy harvest running ahead of schedule compared to last year

By Reuters, GFM Network News March 4, 2024
U.S. soybean and corn futures rose on Monday on bargain buying and short-covering after hitting three-year lows recently, but plentiful supply from South America limited gains, analysts said.


American corn growers expected an announcement on the sustainable aviation fuel tax credit at last week’s 2024 Commodity Classic convention, the annual gathering of U.S. corn, soybean, wheat and sorghum growers. But that didn’t happen. U.S. secretary of agriculture Tom Vilsack told growers the government needs more time to sort things out. Photo: Sean Pratt
General

Commodity Classic: U.S. corn growers await aviation fuel decision

Biden administration expected to announce within weeks if ethanol will qualify for sustainable aviation fuel tax credit

By GFM Network News March 4, 2024
American corn growers are on pins and needles waiting to find out if corn ethanol will qualify for a lucrative sustainable aviation fuel tax credit.

Ed Usset, grain marketing economist from the University of Minnesota, addresses the 2024 Commodity Classic. Photo: Sean Pratt
General

Commodity Classic: ‘Strong evidence’ for old crop price rally says economist

Booming renewable diesel industry seen as a positive

By GFM Network News March 4, 2024
Old crop corn and soybean prices in the United States will likely rally this spring, according to an agricultural economist.


Photo: Sean Pratt
General

Commodity Classic: U.S. fighting for market share says Vilsack

Competitive advantages from superior U.S. transportation have all but evaporated

By GFM Network News March 4, 2024
U.S. agriculture secretary Tom Vilsack says the United States is trying to regain its competitive edge in world agricultural markets.

Photo: iStock/Getty Images
Markets, Reuters

U.S. grains: Soybeans off 3-year low, but gain limited by global supplies

Slowing Chinese demand also weighs on prices

By Reuters, GFM Network News March 1, 2024
Chicago Board of Trade (CBOT) soybean futures turned higher on Friday on signs of bargain buying and short-covering, after hitting three-year lows the previous day, although sluggish exports and hefty global supplies continue to weigh on prices, traders said.


Ed Usset, grain marketing economist from the University of Minnesota, addresses the 2024 Commodity Classic. Photo: Sean Pratt
General

Commodity Classic day one: Farmers concerned about EPA’s herbicide strategy

Farm bill, USDA crop forecasts on American farmers' minds at the Houston farm show

By GFM Network News March 1, 2024
Day one of the 2024 Commodity Classic is in the books and a few interesting themes emerged from the annual gathering of U.S. corn, soybean, wheat and sorghum growers.

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

U.S. grains: Soybeans dip to new 3-year low in volatile trading day

Weekly soybean exports on lower end of expectations -USDA

By Reuters, GFM Network News February 29, 2024
Chicago Board of Trade soybean futures dipped on Thursday to a new three-year low, pressured by improving South American weather, tepid U.S. export sales and heavier-than-expected contract deliveries, traders said.


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