GFM Network News



U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage

Analysts still expect large U.S. harvest

Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from


Smithfield to close Illinois pork facility

Workers test positive for COVID-19

Reuters — World’s largest pork processor Smithfield Foods said Friday it will suspend operations at its Monmouth, Illinois pork processing facility next week after some employees tested positive for COVID-19, adding to already strained U.S. meat supplies. The news of some of the company’s 1,700 employees at the plant testing positive comes a day after








Monsanto, BASF herbicides strain states with damage complaints

Chicago | Reuters — U.S. farmers have overwhelmed state governments with thousands of complaints about crop damage linked to new versions of herbicides, threatening future sales by manufacturers Monsanto and BASF. Monsanto is banking on herbicides using dicamba — and seeds engineered to resist it — to dominate soybean production in the U.S., the world’s

U.S. authorities raid Caterpillar’s Illinois facilities

Chicago | Reuters –– U.S. federal law enforcement officials searched three facilities of heavy machinery manufacturer Caterpillar on Thursday, prompting a sharp sell-off in the company’s stock. A spokeswoman for the U.S. Attorney Office for the Central District of Illinois, Sharon Paul, confirmed that federal law enforcement officials conducted searches at locations in Peoria, East