Soybeans were under pressure for much of Tuesday, with contracts down 2 to 7 cents at the close. The cmdtyView national average new crop Cash Bean price was down 2 1/4 cents at $9.56 1/2. Soymeal futures continued their weakness, with contracts down $2.30 to $3.20. Soy Oil saw gains of 51 to 99 points to close out the day.
The meeting between the US and China in Sweeden saw a tariff deadline pushed back from the August 12 for 90 days pending the approval of President Trump, as the two look to defuse the trade situation.
