Chicago Mercantile Exchange grain prices shifted higher across the board on Friday July 5.

The August soybean futures contract increased by 8.50 cents per bushel to settle at $11.66 per bu, and August soymeal jumped by $7.10 per short ton to $357.20 per ton.

Meanwhile, the September corn futures contract increased by 5 cents per bu to $4.10 per bu, and September wheat rose by 16.50 cents per bu to close at $5.90 per bu.

Weekly export sales, released July 5

Soybean
US soybean export sales for 2023/24 reached 228,400 tonnes in the week to June 27, down by 19% week on week and by 32% from the four-week average. Export sales for the 2024/25 crop season were 150,300 tonnes, resulting in total sales of 378,700 tonnes.

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