Grain futures close shortened week mixed on position squaring

Soybeans finished the day mixed at on spread adjustments. Support to the complex mostly came to the nearby contracts with May futures leading the way. The complex came off a mostly higher close but sharp losses for soybean meal on Wednesday. Even so, strong crush values are keeping soybean meal supported at elevated prices. South American drought conditions are playing a strong role in supporting soybean prices with much of Brazil experiencing strong drought conditions.

…