Trading activity for corn gluten products was quiet today. Market participants indicated that prices for both corn gluten meal and feed remain steady with not much demand nearby.

CME grain prices were mixed today. Corn decreased by $0.0300, settling at $5.57/bu. Additionally, soybeans dropped, followed by quality ratings falling from the latest crop progress report, with a decrease of $0.0775, closing at $15.15/bu. Soymeal jumped to $453.80/st, increasing by $6.50, while wheat increased by $0.0275 to reach $7.60/bu.

Crop Progress July 23

The Midwest recently experienced rainfall, alleviating the stress of yesterday’s unfavorable corn ratings. These timely rains continue to raise expectations for 2023 corn yields. Several states remain in-line with previous crop conditions, though, soybeans and spring wheat are showing decreases. As of July 23rd, the corn…