Chicago Mercantile Exchange grain prices rose across the board on Friday August 30.
The November soybean futures contract increased by 7.50 cents per bushel to settle at $10 per bu, and September soymeal jumped by $3.00 per short ton to $311.60 per ton.
Meanwhile, the September corn futures contract increased by 6.25 cents per bu to $3.78 per bu, and September wheat rose by 7.75 cents per bu to close at $5.32 per bu.
Grain prices have faced significant challenges over the past few months, but recent weeks have showed solid demand sparking some mini rallies. Corn, soybean and wheat prices captured gains following a wave of technical buying.
Distillers’ dried grain (DDG) prices remained relatively steady this week, despite some pressure due to sluggish demand and the approaching shutdown season.
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