Soybeans were lower on Tuesday with contracts down 3 to 6 ½ cents across most months. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $10.91 1/4. Soymeal futures were 20 cents to $2.20 lower on the day, with Soy Oil futures down 6 to 61 points.
Crop Progress from Monday afternoon pegged the US soybean crop at 6% planted as of Sunday. That is well above the 2% compared to the same date last year and the 5-year average. Of the 18-major states, just IA was reported to be behind the average pace.
