Grain prices on the Chicago Mercantile Exchange rose on Friday May 24. The July soybean futures contract increased by 8.75 cents per bushel, settling at $12.48 per bu, while July wheat dropped by 0.75 cents per bu, closing at $6.97 per bu.
Meanwhile, July soybean meal jumped by $9.80 per short ton to $386.50 per ton, and July corn rose by 0.75 cents per bu to $4.64 per bu.
Distillers’ dried grains (DDG) prices remained steady across all regions. Market sources reported quiet trading ahead of the upcoming long holiday weekend; they confirmed prices within Fastmarkets’ current price range assessments.
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