The latest reports indicate that wheat midd prices in the Minneapolis and Kansas City markets remained relatively steady. Market participants indicated that the Buffalo market appears to be heavy, highlighting that they didn’t have full run times over the weekend.
CME grain pricing had a negative trend today. March corn decreased $0.065, falling to $4.24/bu. March wheat fell $0.12, dropping to $5.85/bu. March soybeans shifted down, with a decrease of $0.1575 and settling at $11.70/bu. Additionally, March soymeal prices were down $1.50 to $343.30/st. A round of technical selling caused corn and soybean prices to suffer losses while market players eagerly await data from the USDA’s initial acreage and yield estimates for the upcoming season, as well as a new set of export sales data. Wheat prices followed the downward trend set by various other commodities due to technical selling.
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