Price ranges for corn gluten products remained relatively stable throughout the day. However, there were reports on corn gluten feed that led to a decline in Midwest barge and rail prices. Overall, market participants noted a quiet tone in the market for Tuesday and reported steady price levels for corn gluten meal.

CME grain prices were mixed on Tuesday. March wheat remained unchanged at $5.97/bu while March soybeans decreased by $0.0675, settling at $11.86/bu. In addition, March soymeal dropped by $4.10 to $344.80/st, but March corn rose by $0.0025 to $4.30/bu. Following some light technical buying, corn prices were able to secure modest gains. However, soybeans suffered a decline as the ongoing anticipation of strong production from South America kept pressure on soybeans and negatively affected other grains.

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