Chicago Mercantile Exchange grain prices shifted higher across the board on Thursday June 13.

The July soybean futures contract increased by 12.25 cents per bushel to settle at $11.89 per bu, and July soymeal jumped by $8.10 per short ton to $368.30 per ton.

Meanwhile, the July corn futures contract increased by 4.25 cents per bu to $4.58 per bu, and July wheat rose by 3 cents per bu to close at $6.20 per bu.

The central US is bracing for an incoming heatwave, with numerous fields expected to experience daytime highs reaching 90°F (32°C) or more in the next few days. Market participants quickly took notice and initiated a round of technical selling that helped boost corn and soybean prices.

Weekly export sales, released June 13

Soybean

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