Soybean prices fell again Tuesday as traders expect the U.S. crop to come in at a record in the fall.
Favorable growing conditions for U.S. producers are putting downward pressure on prices. Traders are widely expecting this year's soybean crop to outstrip demand.
The actively traded November contract for soybeans lost
Soybeans traded as high as
Hultman said the weather across growing regions in the U.S. Corn Belt has also been "very pleasant" in July, suggesting that the fall crop will be large.
Other crop futures also fell. Wheat lost half a penny to
Metals prices closed mixed.
August gold fell
Palladium for October delivery rose
Energy prices closed broadly lower.
U.S. crude oil fell
In other energy futures trading, wholesale gasoline fell
Most Popular Stories
- Small-Business Loans Fueling Economic Growth
- Comic-Con Offers Toy Designers a Chance to Go Wild
- Google Chrome Bug Draining Batteries: Report
- Tesco Head Steps Down After Profit Warning
- Want a Job? Try Minneapolis
- Clinton Wants U.S., E.U. to Get Tough on Russia
- Startup Makes It Easier to Buy American
- GM Looking for Ignition Fix for Certain Cadillacs
- BlackBerry Appoints New COO from LiveOps Inc.
- U.S. Stocks Start the Week on Shaky Ground