GFM Network News



U.S. soybean sales are at a 13-year low.

Comment: U.S. corn, soy sales at 14-year low

The dawn of the new U.S. marketing year comes with burdensome supplies and absent buyers

As the 2019-20 U.S. corn- and soybean-marketing years begin, the amount of product sold for export through mid-month is dismal, dampening the chances of trimming domestic supplies over the next year. Through Aug. 15, some 9.94 million tonnes of corn and soybeans have been sold to foreign buyers for shipment in 2019-20, down 55 per


Corn acres harvested for grain, which are more important to production than actual planted area, came in at 82 million acres.

Opinion: Resetting U.S. corn expectations after USDA’s acreage shocker

It would appear corn acreage actually 
is far higher than anyone expected

Reuters | Chicago – For the second time in less than two months, overly aggressive market expectations for the U.S. corn crop tanked Chicago corn futures August 12, when the U.S. Department of Agriculture published its latest round of reports. Analysts did not think it was possible for U.S. farmers to have planted as many

Cheaper wheat export prices out of the Black Sea have been increasingly sidelining competitors.

Market bears continue to nibble on wheat as large crops loom

It’s going to take something significant to spark a meaningful price rally at this point

Wheat traders breathed a sigh of relief in early March as Chicago futures rose, possibly signalling that the market is at least temporarily satisfied with recent contract lows. Speculators have piled into the short side of the wheat market in recent weeks, likely limiting further price falls. But bigger global crops on tap for 2019

Corn has recently been under pressure from big crop pegs out of South America and chart-based selling, as well as general uncertainty in the markets over the future of U.S.-China trade.

Comment: Long positions on corn liquidated

Funds sold their entire CBOT corn long position undetected during U.S. govt. shutdown

Within the span of six weeks, commodity funds dumped bullish bets in Chicago-traded corn futures and options without the market’s knowledge. Market participants were under the impression that speculators closed out January relatively optimistic toward the grains. However, data from the U.S. Commodity Futures Trading Commission (CFTC) confirmed otherwise on Feb. 19. Hedge funds and


Dry spell pares Brazil soybean estimates as crop ratings slide

This could cause concern for China that is doubly dependent on the country as trade relations with the U.S. have been frosty

Brazil has harvested two enormous soybean crops in a row and will likely make it a third straight in 2019, but the volume might not be as big as market participants were initially expecting and this could be of particular concern for the top customer. Brazil has helped pad supplies in No. 1 buyer, China,

CBOT soybeans dropped 7.33 per cent in 2018, largely due to disrupted trade between the United States and China.

Funds view grains and oilseeds more favourably

Investor sentiment has clearly shifted in the past 12 months

Speculators rang in 2019 with a much less pessimistic take on Chicago-traded grains and oilseeds than a year earlier, though trade tensions and the lapse in U.S. government data are providing the market with plenty of uncertainty. As of Jan. 2, trade sources suggest that commodity funds held a very slight combined net long position

Looking out to the next decade, the USDA’s trend assumptions don't have soybean yields making comparable strides alongside corn.

What will U.S. corn and soybeans yield in 2019?

USDA long-range reports can give us an inkling of what to expect even before the seed is booked

It might be comically early to start debating yield scenarios for a crop that is still several months away from planting, but the U.S. government’s early projections for 2019 and beyond hold some interesting ideas for the years ahead. Each February, the U.S. Department of Agriculture publishes its long-term projections that provide a single representative


Comment: Winning the trade war?

Will the U.S.-China trade war end up worthwhile for U.S. soybeans?

China’s absence from the U.S. soybean market has put tremendous pressure on both soybean growers and Chicago-traded soybean futures over the last several months. But the United States’ new trade pact with Mexico and Canada may offer some hope for a similar outcome with major U.S. trade partner China. The United States and Canada reached

Opinion: U.S. soy trade stellar in short term

Longer term the outlook for the Chinese market gets very hazy

Market analysts have been trying to gauge China’s forward bean usage as it remains locked in a tit-for-tat tariff dispute with the United States, and the conflict has prompted threats from the East Asian country to severely reduce or ban U.S. bean imports. The future of U.S. soybean trade with China has also been a