Weekly Soybean and Corn Prices Hold Close to Near-Term Highs
Grain prices finished the week stronger despite Thursday’s sell off. Grain prices had limited follow through allow weekly prices remain near-term highs. Soybean prices closed fractionally lower on Friday but at $14.05 per bushel they ended the week with a two percent gain. Corn values saw a fractional gain in March futures pricing on Friday but a decline of two cents per bushel in May futures. Corn prices closed the week at 5.55½ per bushel, two percent over last weeks close. Wheat prices saw the largest sell-off among the grains on Friday, falling 16.75 cents, or 2.5 percent. Wheat prices ended the week at $6.55 per bushel, a gain of 0.65% across the week.