GFM Network News

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Corn and soybeans sitting firm ahead of USDA report

CNS Canada – Corn and soybean markets at the Chicago Board of Trade have been strengthening ahead of Friday’s World Agricultural Supply and Demand Estimates report from the United States Department of Agriculture. “There’s been a lot of really big yield estimates we’ve been throwing around that people are starting to walk back a little […] Read more

(Lisa Guenther photo)

CBOT soy, corn retreating with harvest pressure

CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, retreating from the nearby highs hit the previous week as increased farmer and speculative selling weighed on values. Both soybeans and corn hit three-month highs last Wednesday (Nov. 12) before turning lower in subsequent days. […] Read more

U.S. grains: soymeal makes biggest monthly gain since 1976

Chicago / Reuters – U.S. soymeal climbed 2 per cent on Friday, capping the commodity’s best monthly performance since 1976, as short-term supply strains in the United States continued to fuel buying. Soybeans also rose sharply and corn turned higher late, following gains in soymeal, while wheat declined on pressure from multiyear highs in the dollar that made the crops less competitive […] Read more

U.S. grains: soybeans down 1 per cent, corn narrowly lower

Chicago / Reuters – U.S. soymeal futures fell 4 per cent on Thursday for their biggest daily losses since June as investors locked in profits after prices for the protein-rich animal feed soared to a seven-week high. Soybean futures shed more than 1 per cent, while corn edged lower following a spike in sales by U.S. farmers, who were harvesting […] Read more