Chicago Mercantile Exchange grain prices were mixed on Friday November 22, with the January CME soybean futures contract increasing by 5.75 cents per bu to $9.83 per bu.
The December soymeal futures contract rose by $1.50 per short ton to $289.20 per short ton, while December corn decreased by 1.25 cents per bu to $4.25 per bu.
Meanwhile, December wheat fell by 4.50 cents per bu to close at $5.44 per bu.
Distillers’ dried grain (DDG) prices rose in the Michigan market this week, while remaining steady in other regions. Market participants noted that there was little to report, although local demand was showing signs of recovery. However, exports have yet to show any significant movement.
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