Monday is a holiday in the US so week ending prices do tend to do funny things in advance of a long weekend – no traders want to hold open positions for a three day weekend, just too much risk.
Soybeans, soymeal and wheat were all strong this week as corn prices just followed along, ending the week up just a shade. Soybeans were up by about USD 16 m/t on the week while soymeal was up by about USD 8 m/t for later delivery. Winter wheat prices were up by USD 9-10 m/t with spring wheat up by USD 5-6 m/t.................please click PDF to see more details