Trading activity for wheat midds was limited for today. Only one trade was reported for Buffalo indicating a decrease in the price range. Meanwhile, prices in Minneapolis and Kansas City have remained steady.
CME grain prices were mixed on Wednesday. December wheat saw a decline of $0.085, closing at $5.60/bu, and November soybeans recorded an increase of $0.0025, settling at $12.73/bu. In addition, December soymeal rose by $0.30 to $372.00/st. and December corn decreased $0.015, reaching $4.86/bu. The fluctuation of grain prices persists due to market players closely analyzing multiple supply and demand trends such as exports from the Black Sea region, the current U.S. harvest, and political complications pertaining to the Farm Bill.
Weekly Ethanol Update
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