Soybeans posted losses of 9 to 13 ½ cents across most contracts on Tuesday. There were 3 deliveries issued against September beans. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $9.65 1/4. Soymeal futures were down $3.80 to $8.10 in the front months. There were another 12 deliveries issued against September meal. Soy Oil futures closed 41 to 56 points higher. There were 403 deliveries issued against September bean oil on Friday night.
Weekly Crop Progress data showed 94% of the US soybean crop setting pods, matching average, with 11% dropping leaves, which was 1 point above normal. Condition ratings were down 4% to 65% on the week. The Brugler500 ratings fell 8 points to 366, which is now just 1 point above the same week last year.
