Chicago Archives - Grainews

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

U.S. grains: Chicago grains down on U.S.-Russia call, planting intentions

By Renee Hickman, Reuters March 18, 2025

Chicago wheat futures traded both sides of unchanged on Tuesday, holding near a March high underpinned by concerns over U.S. crop conditions. Traders also awaited the outcome of a call between the leaders of the U.S. and Russia over the war in Ukraine.

Markets, Reuters

U.S. grains: Grains, soybeans ease after rallies on weather and Middle East instability

By Renee Hickman, Reuters October 3, 2024

Chicago | Reuters — Chicago wheat and corn futures dipped on Thursday on technical trading after surging to June highs this week. Wheat had climbed to a 3-1/2-month peak as traders monitored drought in the important Black Sea region and signs of possible Russian export caps. Corn exceeded a three-month peak on Wednesday, underpinned by […] Read more

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

Markets, Reuters

U.S. Grains: Soy, grain futures turn higher on economy concerns

By P.J. Huffstutter, Reuters August 2, 2024

Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund traders scrambled to cover their hefty short positions on signs of the U.S. economy weakening, market analysts said.

Crops, Markets

Prairie wheat weekly outlook: Prices down, especially for durum

Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices

By GFM Network News February 9, 2024

Wheat prices across the Canadian Prairies pulled back during the week ended Feb. 8. While there were moderate declines in Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, there were sharper losses for Canadian Western Amber Durum.

Crops, Markets

Prairie wheat weekly outlook: Narrow price movements for wheat, durum

The Canadian dollar lost three tenths over the week

By GFM Network News January 12, 2024

Wheat prices across the Canadian Prairies were narrowly mixed for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum eased back by small amounts.

Production of Ford’s F-150 Lightning pickup at Dearborn, Mich. (Media.ford.com)

General, Machinery, Reuters

Ford to suspend or cut plants’ output on chip shortage

By Reuters, GFM Network News February 5, 2022

San Francisco | Reuters — Ford Motor Co. plans to suspend or cut production at eight of its factories in the U.S., Canada and Mexico throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to […] Read more

Crops, Markets, Reuters

Coronavirus threatens Chicago’s last remaining trading pits

Grain options pits remain closed, for now

By GFM Network News June 12, 2020

Chicago | Reuters — Chicago brokers and traders worry COVID-19 will kill more of the city’s once famous shout-and-gesture trading pits. CME Group, which owns the Chicago Board of Trade, said this week that most of the pits it closed in March because of the pandemic will remain shuttered indefinitely. The news disappointed some brokers […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Harvest activity drops commodities

By GFM Network News October 23, 2019

MarketsFarm — Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity, […] Read more

The AltEn ethanol plant at Mead, Neb. on March 21, 2019. (Photo: Reuters/Humeyra Pamuk)

Corn, Crops, Markets, Reuters, Weather

Midwest floods hammer U.S. ethanol industry

By GFM Network News April 8, 2019

New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths of an ethanol industry that […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans wait on China news

By GFM Network News January 2, 2019

CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News