Soybeans faded back on Tuesday, with front months steady to 3 cents lower and deferreds firm to 1 ¼ cents higher. The cmdtyView national average Cash Bean price was down 2 3/4 cents at $12.66 3/4. Soymeal futures were up $1.30 to $2.40, with Soy Oil down 30 to 95 points.
Traders are awaiting the meeting between the US and Chinese leaders later this week. Some are looking for the meeting to focus on extending the current trade truce and look to make progress on the current tariffs.
