Chicago Mercantile Exchange grain prices shifted higher across the board on Thursday July 11.

The August soybean futures contract increased by 3.75 cents per bushel to settle at $11.17 per bu, and August soymeal jumped by $3.20 per short ton to $342.40 per ton.

Meanwhile, the September corn futures contract increased by 4.50 cents per bu to $4.00 per bu, and September wheat rose by 9.75 cents per bu to close at $5.71 per bu.

Weekly export sales, released July 11

Soybean
US soybean export sales for 2023/24 reached 208,000 tonnes in the week to July 4, down by 9% week on week and by 40% from the four-week average. Export sales for the 2024/25 crop season were 191,300 tonnes, resulting in total sales of 399,300 tonnes.

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