Most CME grain prices had an upward trend on Wednesday. The only grain market with a decrease was March wheat, which dropped by $0.065 and closed at $6.00/bu. March soybeans jumped by $0.035 and settled at $12.77/bu. Additionally, March soymeal increased by $0.90 and closed at $380.40/st., and March corn rose by $0.015 to $4.65/bu. Despite an increase in rainfall that boosted the prospects of Brazilian crops, soybeans and corn showed modest gains due to a round of technical buying. However, wheat faced losses due to the strengthening U.S. Dollar and increased competition overseas.

November Soybean Crush Above Yearly Levels

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