Most CME grain prices were higher on Thursday. The only grain market with a loss was May wheat, which dropped by $0.025 and closed at $5.28/bu. May soybeans jumped by $0.18 and settled at $11.66/bu. Additionally, May soymeal increased $4.00 and closed at $334.40/st, and May corn rose $0.0925 to $4.38/bu. The grain market climbed today as traders finalized their positions ahead of the highly anticipated World Agricultural Supply and Demand Estimates (WASDE) report from USDA. Wheat prices faced a slight decline, while corn prices showed minor gains following a round of technical buying and short-covering. Soybean prices followed the uptrend in other commodities, displaying double-digit gains.
Weekly Export Sales – Released March 7, 2024
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