CME grain futures had a negative trend on Thursday April 18. May corn decreased $0.035, falling to $4.26/bu. May wheat fell $0.0025, dropping to $5.36/bu. May soybeans decreased $0.1525, settling at $11.34/bu. Additionally, May soymeal prices were down $0.70 to $338.00/st. Soybean prices suffered double-digit losses following the current harvest progress in Brazil and Argentina, which will boost global stocks. Corn prices slightly declined due to technical selling influenced by planting progress and the weakness from soybeans. However, May wheat futures closed in the red, while July wheat futures showed an upward trend as dry weather conditions persists over large portions of the Central and Southern Plains.

Weekly Export Sales – Released April 18, 2024

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