CME grain prices shifted significantly higher across the board on Wednesday. December soymeal increased by $14.00 and closed at $413.80/st. November soybeans surged by $0.1425 and settled at $13.11/bu. Additionally, December corn rose by $0.03, reaching $4.92/bu, and December wheat jumped by $0.0975 to $5.80/bu. Grains experienced an upward trend, with bargain buying and optimistic demand driving the market. Soybeans witnessed substantial double-digit growth as market players await the release of fresh export data from the USDA tomorrow. Corn prices also rose due to spillover strength from gains in wheat and soybean futures.

Weekly Ethanol Update

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