Most grain prices on the Chicago Mercantile Exchange fell on Friday August 23. The September wheat futures contract decreased by 8.75 cents per bu to close at $5.02 per bu, while November soybean increased by 11.50 cents per bushel to settle at $9.73 per bu

Meanwhile, September soybean meal fell by $0.10 per short ton to $306.30 per ton, and September corn dropped by 3.75 cents per bu to $3.67 per bu.

Soybean prices captured double-digit gains after a round of technical buying, while wheat prices continued to drop following a round of technical selling driven by large domestic and global supplies.

Corn prices declined, with market players focusing on the near record-high production levels from the USDA, which triggered another round of technical selling.
 

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