Soybeans closed out the Tuesday session with contracts 2 to 3 cents across the front months. There were another 46 deliveries reported overnight. The cmdtyView national average Cash Bean price was down 2 ¼ cents at $9.53 1/4. Soymeal futures were $1.50 to $7.00 higher in the front months. Soy Oil futures were down 87 to 105 points. The CME reported another 22 deliveries issued overnight.
NASS tallied 21% of the US soybean crop dropping leaves by Sunday, 1% behind normal. Progress in the west is lagging, with NE 19% back of the 5-year average, ND 18% behind, SD lagging by 16%, and IA 3% below average. Condition ratings were down 1% to 64% gd/ex, as the Brugler500 was 1 point lower to 365. By state, MO was down 9, IA slipping 2, SD dropping 8, and OH falling 22 points. Improvement was noted in NE, up 5, with IL up 3.
