CME grain prices were mixed on Thursday. December wheat saw a decline of $0.0075, closing at $5.78/bu, and November soybeans recorded a decrease of $0.0275, settling at $13.00/bu. In addition, October soymeal rose by $2.30 to $392.40/st. and December corn gained $0.0525, reaching $4.88/bu. Grain prices were influenced by the release of today’s new weekly export sales data and the approaching quarterly grain stocks report from the USDA at the start of October. Additionally, the potential shutdown of the U.S. government at the beginning of next month has further contributed to the existing pressure on grains.

Weekly Export Sales – Released September 28, 2023

Weekly soybean export sales for September 21st in the marketing year 2023/24 amounted to 672.2 thousand metric tons (TMT). This represents an increase of 238.1 TMT compared to the total of last week and exceeds the previous four-week average of 310.7 TMT….