The grain and feed CME market showed fluctuations this week, with notable gains and losses. The recent volatility was mostly due to ample global supplies, recent USDA reports such as export inspections and export sales data, and a weaker dollar. On the other hand, dry weather continues in Brazil despite forecasts calling for rain in the coming week. Additionally, concerns about Brazil’s growing conditions have caused scattered movements in soybean prices. Furthermore, there has been a revived interest in the international market, especially from China, which has significantly impacted wheat prices. Additionally, lower 2024 production outputs from France, following heavy rains this fall, have limited planted acreage for wheat.

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