GFM Network News



U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more


U.S. grains: CBOT corn touches 7-1/2-year high

Chicago wheat, soybeans down on profit-taking

Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more

U.S. livestock: Cattle futures hit six-week high; hog futures ease after rally

Chicago | Reuters – U.S. cattle futures rose for the sixth time in seven sessions on Thursday, hitting a six-week high on signs of strength in the cash market, traders said. Hog futures eased after four straight days of gains pushed the front-month contract to its highest in nearly two months on Wednesday. Volumes were […] Read more


U.S. livestock: Hog futures rise to highest since late October; cattle firms

Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more

U.S. livestock: Cattle futures drop on fund selling

Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more


U.S. livestock: Cattle futures weaken on technical setback

Hog futures up ahead of USDA data

Chicago | Reuters — U.S. live cattle futures eased on Monday, setting back on some mild technical selling after three days of gains, while hog futures edged higher, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled 0.2 cent lower at 114.65 cents/lb. (all figures US$). The contract hit its highest since Nov. […] Read more

U.S. grains: Soybeans touch 6-1/2 year high

Corn follows as traders eye South American crops

Chicago | Reuters — U.S. soybean futures surged to their highest in 6-1/2 years on Friday as the rain outlook in key South American growing areas remained uncertain, threatening harvest prospects as global demand strengthens, traders said. Forecasts of low U.S. soybean inventories and strong demand from U.S. processors and importers like China have made […] Read more


U.S. livestock: Cattle futures firm as cash market rebound seen

Hog report expected to show smaller herd

Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Friday, on expectations that the cash market would rebound from recent lows in the coming days. Traders also viewed a government report that showed cattle placements during November were down sharply from a year earlier as bullish. “The […] Read more

U.S. grains: Corn, wheat, soybeans rally with exports in focus

CBOT March wheat passes US$6 mark

Chicago | Reuters — Chicago Board of Trade soybean and corn futures rose on Thursday, with soybeans soaring past the US$12 a bushel mark and hitting a fresh 4-1/2-year high after a strong weekly export report sparked a rally, traders said. The good demand for U.S. supplies highlighted concerns about potential harvest shortfalls in South […] Read more