GFM Network News

Commodity Sell-Off Has Winners And Losers

The biggest decline in commodity market value since the financial crisis of 2008 looked like funds running for the exits, but big differences in open positions between oil, grains and other commodity markets will signal which markets may still be overextended. Based on the decline in open interest – the number of contracts bought or

Urban Foragers Feast On Sidewalk Salads

Armed with pruning shears and a paper bag, Nance Klehm walks along a Chicago sidewalk, pointing out plants and weeds that can make a tasty salad or stir-fry. She snips stalks from a weed with downy leaves and white powder commonly cal led goosefoot or lamb’s quarters. “I collect a lot of this,” said Klehm,

U. S., Argentina set for corn export battle

“Our export estimations will probably have to be adjusted down, considering the effect that the drought is likely to have on production.” – Patricia Bergero, Rosario Grain Exchange The recent surge in U. S. corn sales could end soon as Argentina, the world’s second-largest exporter behind the United States, emerges with a new crop and

One-Fifth Of U. S. Ethanol Capacity Idled

U. S. ethanol producer and grain processor Archer Daniels Midland Co. said Feb. 3 nearly 21 per cent of U. S. ethanol production capacity has been shut due to weak demand and poor margins. U. S. ethanol plants with a production capacity of 10.2 billion gallons per year are currently operating, down from a peak

U. S. grain trade unfazed by China export talk

The United States, the world’s top grain exporter, will feel little impact should China end its one-year hiatus on corn and wheat exports, said traders Dec. 31. China is expected to authorize exports of 500,000 tonnes of corn and 500,000 tonnes of wheat in 2009, which would barely put it among the top 10 exporters

Local wheat too expensive for feeders

U. S. hog producers will import wheat from Britain and Brazil due to the high cost of U. S. corn and feed grain, said Don Butler, spokesman for Murphy-Brown, the hog-raising unit of Smithfield Foods Inc. Hog producers will also import a cargo of wheat middlings, a byproduct of milling, from Nigeria, he said. The