CBOT Wheat Futures Drop to Three-Month Low

CBOT Wheat Futures Drop to Three-Month Low

Trading activity for DDGS remained steady today, as reports align with current price ranges. Market participants noted that a couple of plants are undergoing maintenance, resulting in a momentary tighter supply.

CME grain prices had an upward trend, apart from December wheat which declined by $0.1125, reaching $5.84/bu. Meanwhile, December corn increased $0.0200, closing at $4.85/bu., and November soybeans jumped by $0.0600, settling at $13.69/bu. Additionally, October soymeal prices rose by $3.30, reaching $406.00/st. Wheat prices plummeted to their lowest level in over three months due to the ongoing decline in Russian export prices, aiming to boost demand.

Weekly Soybean Crush

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