Trading activity for wheat midds was relatively quiet today, apart from two active trades in the central states. Market participants reported that central states traded down due to rapid fluctuation on the corn board. However, activity in Buffalo was steady, with farm mills continuing to run normal this week.

CME grain prices were mixed today, soybeans experienced a jump of $0.3075 to close at $15.46/bu. Corn, on the other hand, dropped $0.1725 falling to $5.40/bu. Additionally, soymeal rose to $464.70/st with an increase of $10.90. Wheat decreased $0.4025 to settle at $7.20/bu due to weak global demand since prices surged following Russia’s decision to abandon the Black Sea Grains Initiative.

Weekly Ethanol Update

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