GFM Network News


U.S. grains: Wheat, soybean futures fall with export prospects

Corn edges up ahead of Memorial Day

Chicago | Reuters — U.S. wheat futures fell after three straight days of gains on Friday as a firmer dollar disadvantaged the crop in the export market and a forecast for rain promised much-needed relief to dry soils in the U.S. Plains, traders said. Soybean markets also sagged on concerns about export demand, with sales

U.S. grains: Soybeans, corn fall

Wheat firms on crop concerns; Russia cuts crop outlook

Chicago | Reuters — U.S. soybean futures sank 1.4 per cent to a two-week low on Thursday, pressured by concerns about falling export demand from the world’s top soy importer due to rising tensions between Beijing and Washington, traders said. “It does not take much,” said Mark Schultz, chief market analyst at Northstar Commodity. “You


U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed

Slow germination expected to hasten with warm weather

Manitoba Crop Report and Crop Weather report for May 19

Southwest Region The week began with rains across the region in the amounts of 2 to 15 mm. Killarney, Waskada, and Alexander receiving the most. Soil surface drying conditions later in the week allowed producers to accelerate the seeding activities despite overnight lows still reaching -10°C. The majority of spring harvest is done and producers



Net short position reduced in canola

MarketsFarm — Rising futures prices saw speculators exiting short positions in canola and adding to a growing net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 38,738 contracts on Tuesday,

U.S. grains: CBOT wheat hits lowest since March

Soybeans, corn firm as oil rallies

Chicago | Reuters –– U.S. wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front and some much-needed rain in the U.S. Plains, traders said. Soybean futures were higher, supported by gains in the crude oil market as well as strong demand from China.



U.S. grains: Wheat ends week down four per cent

Soybean, corn futures firm

Chicago | Reuters — U.S. wheat futures fell on Friday and recorded their biggest weekly slide in a month, dragged down by rising global stockpiles and improving crop prospects in Europe that signal strong competition for export business, analysts said. Soybean and corn futures closed modestly higher in rangebound trade. Chicago Board of Trade July