Corn gluten products were flat today, according to sources logistics remain an issue keeping prices of both corn gluten meal and feed level. However, market participants reported a rise in CIF NOLA prices of corn gluten meal.

Nearby CME grain prices were mixed today. Corn decreased by $0.0700, settling at $4.97/bu. Additionally, soybeans increased $0.1625, closing at $13.86/bu. Soymeal jumped to $428.10/st, increasing by $4.30, while wheat decreased by $0.1350 to reach $6.52/bu.

Crop Progress July 30


For this week’s crop condition report soybeans, corn and spring wheat had a decrease in condition compared to the previous week. As of July 31st, the corn crop condition is as follows: 15 percent of the crop is reported to be in poor to very poor condition, 30 percent as fair, and 55 percent as good to excellent.

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