GFM Network News



CBOT May 2021 soybeans (candlesticks) with 20-, 40- and 50-day moving averages (gold, green and black lines). (Barchart)

U.S. grains: Soybean futures rise

Wheat eases, corn mixed, traders focused on weather

Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more


A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Prairie grains firm, watching new-crop weather

U.S. corn values supportive

MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more

CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn rise as funds step in after two losing sessions

Wheat up on 'water deficit' concerns

Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more



CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn climbs on exports, ethanol

Dry weather expected to slow U.S. spring wheat seeding; soy steady ahead of WASDE

Chicago | Reuters — U.S. corn futures climbed on Thursday on export optimism and positioning ahead of the U.S. Agriculture Department’s monthly supply and demand report, out on Friday, traders said. Wheat gained as frigid temperatures across Europe and the Black Sea region threatened crops. Soybeans were also firmer. The most-active corn contract on the […] Read more


CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybean futures advance on supply concerns

Traders watch U.S. planting progress, crop weather

Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres […] Read more

CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: CBOT May corn retreats after 7-1/2-year high

Deferred corn contracts climb; May soy, wheat also down

Chicago | Reuters — U.S. nearby corn futures declined on Thursday on profit-taking after the benchmark contract climbed to its highest since 2013, bolstered by a U.S. Department of Agriculture (USDA) report that projected smaller-than-expected plantings and rekindled worries over global grain supplies. Nearby soybean futures also fell on profit-taking, after a limit-up rally a […] Read more



CBOT May 2021 soybeans with 20- and 50-day moving averages. (Barchart)

U.S. grains: Soy, corn limit-up on planting intentions

USDA acreage data provides lift; wheat also higher

Chicago | Reuters — Chicago soybean and corn futures surged by their daily trading limits on Wednesday after the U.S. Agriculture Department released smaller-than-expected U.S. planting intentions. Wheat followed higher, despite USDA’s higher-than-expected quarterly grain stocks. The most-active soybean futures contract on the Chicago Board of Trade (CBOT) added 70 cents to $14.36-3/4 per bushel, […] Read more