Grain futures showed a downward trend throughout the week as US soybean and corn futures reached their lowest levels in six weeks on Thursday April 18, with both markets facing pressure from hefty supplies from South America. However, grain futures rebounded on Friday April 19 after the previous slump, as heightened geopolitical tensions spurred a round of bargain buying. May soymeal futures increased by $5.70/st and closed at $343.70/st. May soybean futures increased by $0.1625 and settled at $11.50/bu. Furthermore, May corn futures rose $0.0675 to $4.33/bu, and May wheat futures increased by $0.1350 to $5.50/bu.

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