Most CME grain prices were on a downward trend on Thursday. March soybean futures were unchanged, remaining at $12.36/bu. March wheat decreased $0.07 and settled at $6.03/bu. Additionally, March soymeal dropped $2.10 and closed at $362.20/st, and March corn fell by $0.0175 to $4.57/bu. Grain prices were down as traders prepare for tomorrow’s release of the World Agricultural Supply and Demand Estimates (WASDE) report by the USDA. Soybean prices held steady as market players keep an eye on weather forecasts in South America and the possibility of a record-breaking soybean season in Brazil.

Weekly Export Sales – Released January 11, 2023

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