Soybeans posted Turnaround Tuesday losses of 3 to 6 1/2 cents on the session pulling off early lows. The cmdtyView national average Cash Bean price was down a nickel at $11.84. Soymeal futures were $2.80 to $3.00 higher, with Soy Oil futures down 45 to 50 points.
Crop Progress data from NASS showed 66% of the US soybean crop blooming by 7/19, up 6% from normal, with 32% setting pods and 8 percentage points faster than normal. Condition ratings were improved 1% to 66% gd/ex, with the Brugler500 index up 2 to 369. Deterioration was noted in MO (-1), ND (-4) and SD (-7). Ratings improved in IL (+6), IA (+9), MN (+2), NE (+5), and OH (+4).
