CME grain pricing showed a negative trend today. December corn decreased by $0.04, falling to $4.80/bu. December wheat fell by $0.12, dropping to $5.68/bu. November soybeans shifted down, with a decrease of $0.07 and settling at $12.88/bu. Additionally, December soymeal prices lowered by $5.00, reaching $429.20/st. The prices of grains witnessed a decrease as market players acknowledged much-needed rains in South America and the ongoing harvest progress in the U.S., leading to a decline across the board. In the midst of the ongoing seasonal harvest pressure and rain appearing in Brazil, corn has witnessed a decline for the fourth consecutive session.

Weekly Ethanol Update

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