Soybeans are trading with contracts fractionally lower. Futures came back on Tuesday to close with fractional to 3 ½ cent gains, led by the deferreds. Preliminary open interest dropped 1,346 contracts on Tuesday, with November seeing a 5,084 contract reduction. The cmdtyView national average Cash Bean price was 1 ¼ cents higher at $9.36 3/4. Soymeal futures were down 40 cents to $3.80 on Tuesday, with Soy Oil futures 18 to 35 points higher. Crop Progress data showed condition ratings continuing to decline ...

Corn futures held up into the close on Turnaround Tuesday, posting gains of 5 to 6 ¼ cents across the front months. The CmdtyView national average Cash Corn price was up 6 1/4 cents at $3.85 ¼. Crop Progress data showed the US corn crop at 7% harvested, matching the 5-year average pace. Condition ratings were down 1% to 67% gd/ex, as the Brugler500 index was 3 points lower to 372. The only of the major states to see an increase in conditions were IL (+2), NE (+3), and OH (+1). Conditions dropped in IN (-7 ...