US corn gluten meal and feed prices hold steady, while DDGS exports reach 3-month high

Market feedback was limited, with some participants reporting mixed price indications for both corn gluten meal and feed, though no clear direction was confirmed.

Chicago Mercantile Exchange grain prices fell on the day, with the July soybean futures contract decreasing by 11.25 cents per bushel (bu) to settle at $12.11 per bu and the July soybean meal futures contract dropping by 50 cents per short ton to $320.40 per ton.

The July corn futures contract declined by 5.75 cents per bu to $4.80 per bu, while July wheat futures fell by 13.25 cents per bu to $6.27 per bu.

Corn futures came under pressure, posting moderate losses as rapid planting progress and sharply lower crude oil prices triggered a round of technical selling, leaving some contracts down by more than 1%.

Soybean futures retreated from the previous session’s gains, as technical selling and profit-taking weighed on the market, with some contracts declining by nearly 1%.

Wheat futures were mixed to lower, with technical selling resuming across the complex. While export demand offered some underlying support, ample domestic and global supplies, along with weaker crude oil prices generated additional headwinds.

US DDGS exports

US exports of dried distillers grains with solubles (DDGS) increased by 12% in March to a three-month high of 1.03 million tonnes.

Shipments to Mexico rebounded, rising by 22% to 213,575 tonnes, while exports to Indonesia surged by 61% to 163,702 tonnes.

Exports to South Korea decreased by 7% to 114,345 tonnes, while volumes to Vietnam climbed by 44% to 101,428 tonnes. Shipments to Colombia declined by 15% to 71,515 tonnes.

Collectively, these five markets accounted for roughly two-thirds of total DDGS exports, with the remaining volumes distributed across 26 other destinations.

In the first quarter, DDGS exports reached 2.96 million tonnes, up by 10% from the same period in 2025.

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