US crop conditions improve; corn dough stage underway

US crop conditions improve; corn dough stage underway

Chicago Mercantile Exchange grain prices were mixed on Tuesday July 9. The August CME soybean futures contract fell by 17.75 cents per bushel to settle at $11.31 per bu.

The August soymeal futures contract decreased by $4.70 per short ton to $345.30 per ton, but September corn rose by 0.75 cents per bu to $3.94 per bu.

Meanwhile, September wheat increased by 1.50 cents per bu to close at $5.72 per bu.

Widespread rain moving across the Midwest negatively impacted soybean prices, causing another double-digit setback. But corn and wheat prices showed modest gains driven by some bargain buying.

Corn gluten meal (CGM) and corn gluten feed (CGF) prices remained steady with last week’s values. Market participants noted that trading is relatively slow, and values are steady despite the current pressure on corn prices.

Crop progress
US crop conditions improved for corn, soybeans and spring…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

02.06.2025

US inedible meat meal, feathermeal export volumes decline y-o-y in 2024

US inedible meat meal, feathermeal export volumes decline y-o-y in 2024

US feathermeal (FM) exports decreased month on month in December, while inedible meat meal (IE MM) exports increased, according to data from the USDA Foreign Agricultural Service’s Global Agricultural...

02.06.2025

Stronger US demand support higher Brazilian tallow prices

Stronger US demand support higher Brazilian tallow prices

The price reference for exported Brazilian tallow increased in the week to Thursday February 6 amid stronger demand from US buyers, sources told Fastmarkets. Meanwhile, the domestic market edged...

02.06.2025

US weekly soybean meal exports, sales surge to new marketing-year highs

US weekly soybean meal exports, sales surge to new marketing-year highs

2024/25 soybean meal sales were up by 29% week on week to a total of 530,600 tonnes, compared with 410,300 tonnes the week before.

Meal sales increases went...

Latest Tweets