GFM Network News


CBOT July 2021 soybeans (candlesticks) with Bollinger bands (20,2) and November 2021 soybeans (yellow line). (Barchart)

U.S. grains: Soybeans firm on long-term forecast, China demand

Wheat mixed on winter crop harvest, spring wheat drought

Chicago | Reuters — U.S. soybean futures advanced on Monday on renewed buying by China and as concerns lingered about dry conditions in western portions of the Midwest farm belt despite scattered storms over the weekend. Corn futures were mostly lower as rain in the central corn belt boosted crop prospects, while wheat was mixed



The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

U.S. ag secretary backs proposed meatpacking investigator

Reuters — U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries. Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester of Montana have proposed legislation

CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soy eases on improved weather view

Chicago corn mixed, wheat down

Chicago | Reuters — U.S. soybean futures fell on Tuesday on an improved weather outlook for the Midwest crop belt, analysts said. The forecasts for cooler and wetter conditions later this month also pressured new-crop corn futures on the Chicago Board of Trade (CBOT), although front-month July gained against back months on spreads, reflecting tight





CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high


The final idea, invest in new, independent local packers, is rock-solid but it also depends on heavy involvement by government for fast, effective implementation, a two-step that Congress rarely executes well.

Comment: Ag groups make a united, hollow call on meatpackers to play nice

Too many cattle producer divisions are easy for packers to exploit

On May 17, six farm groups joined voices to call on the U.S. Department of Agriculture (USDA), Congress, and the Department of Justice (DOJ) to ensure a “more financially sustainable situation for cattle feeders and cow-calf producers.” That’s make-nice farm talk for “Meatpackers are skinning cattlemen so badly now that we six, not-usually-friendly groups ask

CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange high/low/close). (Barchart)

U.S. grains: Corn sinks to one-month low on weather, technical selling

Soybeans, wheat follow corn lower

Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as