Most grain prices on the Chicago Mercantile Exchange fell on Tuesday December 17. The January soybean futures contract decreased by 5.25 cents per bushel to settle at $9.76 per bu, while January soybean meal rose by $0.30 per short ton to $287.20 per ton.

Meanwhile, March wheat fell by 5 cents per bu to close at $5.45 per bu, and March corn dropped by 1.50 cents per bu to $4.43 per bu.

Grain prices began the week on mixed footing as traders monitored South American weather conditions during the early stages of the 2024/25 corn and soybean growing seasons, while also assessing the latest grain export inspection data from the USDA and soybean crushing data from the National Oilseed Processors Association (NOPA).

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