Most CME grain prices witnessed a downward trend on Friday. The only grain that experienced an increase was December wheat, which jumped by $0.0825 and closed at $5.79/bu. November soybeans decreased by $0.0975 and settled at $12.80/bu. Additionally, December soymeal dropped by $2.90 and closed at $390.00/st., and December corn fell by $0.0275 to $4.93/bu. After the release of the USDA’s weekly export report, there was fluctuations in grain prices, leading most of them in the red to end the day. Despite this, wheat saw an upward trend, following other markets and receiving a boost from China, the primary buyer of U.S. wheat exports.

Weekly Export Sales – Released October 13, 2023

The weekly soybean export sales for October 5th in the marketing year 2023/24 amounted to 1,056.8 thousand metric tons (TMT). This represents an increase of 248.3 TMT compared to the total last week and exceeds the previous…