Chicago Mercantile Exchange grain prices were mixed on Friday December 6. The January soybean futures contract was unchanged at $9.93 per bu.
The January soymeal futures contract decreased by $3.70 per short ton to $287.40 per ton, but March corn rose by 5 cents per bu to $4.40 per bu.
Meanwhile, March wheat decreased by 1 cent per bu to close at $5.57 per bu.
Grain prices were mixed as traders monitored global production trends and adjusted their positions ahead of the upcoming World Agricultural Supply and Demand Estimates (WASDE) report, set to be released by the USDA on December 10.
Corn prices extended their upward movement, driven by technical buying and general demand optimism. Attention remains focused on South American weather, as favorable rainfall in the past week has benefited crops in both Brazil and Argentina.
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