US corn, soybean, wheat futures plunge ahead of weekend

US corn, soybean, wheat futures plunge ahead of weekend

Chicago Mercantile Exchange grain prices fell on Friday October 25, with the November soybean futures contract decreasing by 8.50 cents per bushel to settle at $9.87 per bu and December soymeal dropping by $4.60 per short ton to $305.80 per ton.

Meanwhile, the December CME corn futures contract declined by 6.25 cents per bu to $4.15 per bu, and December wheat futures fell by 12.50 cents per bu to $5.69 per bu.

Corn futures ended a four-day positive streak on Friday following a wave of technical selling. Soybean futures also fell, influenced by technical selling linked to ongoing harvest progress in the US and planting progress in South America. Wheat futures captured double-digit losses, driven by recent rains in the drought-stressed US Plains.

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