Slow bidding activity, strong February clothing sales
Most CME grain prices showed a downward trend on Wednesday. The only grain price that increased was May wheat, which rose $0.04 and closed at $5.47/bu. May soybeans decreased $0.065 and settled at $11.92/bu. Additionally, May soymeal dropped $0.80 and closed at $339.00/st, while May corn fell $0.0575 to $4.26/bu. Following a wave of technical selling, corn and soybean prices faced losses. The decline in corn prices was mostly due to large domestic stocks, while the drop in...
Read More