GFM Network News


U.S. grains: South American supply issues wane

Soy up, but off early gains; corn boosted by export demand

Chicago | Reuters — Chicago soybeans ended the session slightly up after a three-session losing streak on Thursday, but larger early gains were erased as rains across South America eased supply worries. Corn prices firmed, supported by fresh demand amid tightening global supplies, while wheat fell on a lack of fresh export news. The Chicago […] Read more




CBOT weekly outlook: Soy, corn turn bearish

Traders keep an eye on South America

MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more


U.S. grains: Soybeans fall, pressured by fund selling

Brazil, Argentina showers ease soy, corn supply concerns

Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more

U.S. livestock: Lean hogs climb on falling grain futures

April live cattle close lower

Chicago | Reuters — CME Group lean hog futures climbed Wednesday, supported by lower feed grain futures and expectations the U.S. herd will shrink moving into the spring, traders said. CME’s most-active April lean hogs added 1.65 cents to close at 73.075 cents/lb., while the spot February contract strengthened 1.95 cents to end at 68.425 […] Read more


U.S. livestock: Cattle futures strengthen ahead of USDA report

CME lean hogs dip nearer cash index level

Chicago | Reuters — CME Group live cattle futures gained on Tuesday as traders began positioning ahead of Friday’s monthly Cattle on Feed report from the U.S. Department of Agriculture, traders said. Feeder cattle futures also rose, supported by weaker feed grain futures. Lean hog futures declined after gaining on Friday as futures look to […] Read more

U.S. grains: Soybeans fall on South American rainfall

Russian export tax supports U.S. wheat; corn follows soybeans

Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more


Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more

Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from […] Read more