Market Update

CME grain pricing levels were mixed to end the day. After the release of USDA’s World Agricultural Supply and Demand Estimates (WASDE) prices were scattered. Corn prices are facing a lot of pressure, decreasing by $0.0600 to $6.04/st. Soybean prices made immense gains, increasing by $0.2325 to $13.86/st. Meanwhile, soymeal dropped by $6.80 to $397.20/st, and wheat rose by $0.0400 to $6.30/st. 

June 2023 WASDE

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