GFM Network News


GRAINS-Corn falls most in a month as USDA forecasts record output

* USDA estimates 2013/14 corn crop at record 14 billion bushels * U.S. winter wheat production lifted on better yields * Wheat futures plunge 2 percent, soybeans narrowly lower (Updates U.S. market activity to close) By Michael Hirtzer CHICAGO, June 12 (Reuters) - U.S. corn futures fell 2.5 percent for their largest decline in a

GRAINS-Corn, soy fall on expectations for U.S. planting progress

* USDA report confirms planting progress despite wet weather * U.S. soy plantings well behind average pace * Traders hope drier weather will open window for planting * Floods stall barge traffic on Mississippi River (Adds closing prices, details on Mississippi River floods) By Tom Polansek CHICAGO, June 4 (Reuters) - Deferred U.S. corn and

GRAINS-Soybeans climb as planting delays fuel supply worries

* Rains delay U.S. crop planting, postpones harvest outlook * Corn futures retreat on long liquidation, traders say * South Korea finds no GMO wheat yet in tests (Adds crop-progress data, closing prices) By Tom Polansek CHICAGO, June 3 (Reuters) - U.S. soybean futures climbed on Monday on concerns supplies will run short before the

LIVESTOCK-U.S. live cattle futures slump in fund selloff

* Wholesale beef price setback weighs * CME hogs up on cash, Smithfield news By Theopolis Waters CHICAGO, May 30 (Reuters) - Chicago Mercantile Exchange live cattle slumped on Thursday as futures fell below technical support triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving

GRAINS-Soy crumbles as China cancels purchases; back months rise

* More soy cancellations expected * New-crop corn and soy underpinned by wet weather * Wheat firm on short-covering, U.S. weather worries (Updates with closing princes; adds quotes) By Sam Nelson and Julie Ingwersen CHICAGO, May 29 (Reuters) - Chicago Board of Trade (CBOT) soybean futures fell on Wednesday following news that China, the world's


LIVESTOCK-Hog futures up on firm cash, Smithfield deal discussed

* Trade digesting market impact of Smithfield deal * Firm cash hog markets support hog futures * Strong wholesale beef supports cattle futures By Sam Nelson CHICAGO, May 29 (Reuters) - Chicago Mercantile Exchange (CME) lean hog futures rose on Wednesday on firm cash hog markets while traders digested news that a Chinese firm said

GRAINS-Soybeans crumble as China begins cancelling purchases

* More cancellations expected * New-crop corn and soy underpinned by wet weather (New throughout to reflect shift in market sentiment; adds fresh analyst quotes, weather details; changes dateline from HAMBURG/SINGAPORE) By Sam Nelson CHICAGO, May 29 (Reuters) - Chicago Board of Trade (CBOT) soybean futures fell on Wednesday following news that China, the world's

GRAINS-Corn prices firm, near 4-wk high as planting slows

SYDNEY, May 29 (Reuters) - U.S. new-crop corn rose for the fifth session on Wednesday and was near a four-week high after the pace of U.S. planting slowed last week due to wet weather. New-crop soybeans fell even as the U.S. Department of Agriculture confirmed oilseed planting marked its slowest pace in 17 years last


LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick

LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick