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CBOT soybeans fell 0.02% to $12.97-1/2 a bushel by 0107 GMT, while wheat and corn rose; traders also monitored China’s planned tariff cuts excluding soy and US harvest progress ahead of the quarterly stocks report.
CBOT soybeans rose 9-1/2 cents to $12.97-3/4/bushel after a four-week low as traders looked to the USDA quarterly stocks report; corn ended down 1 cent at $5.22 and wheat gained 4 cents to $6.92-3/4.
CBOT soybean futures rose 12-3/4 cents to $13.01 a bushel after Monday's drop to a four-week low.
Reuters expects Chicago Board of Trade grain and soy futures to open mixed on Tuesday, with wheat pressured by a firmer dollar and corn and soybeans supported by bargain-buying. The USDA said winter wheat planting was 27% complete, corn harvest 18% complete and soybean harvest 17% complete.
Basis offers for soymeal were steady to weaker in the US Midwest as harvest activity resupplied some processing plants. Nearby supplies remained tight overall, with many crushing locations not quoting offers.
Corn condition was unchanged week over week, while soybean harvest progressed further and rice harvest advanced.
The USDA released its weekly crop progress report for soybeans. The report included harvested acreage and crop condition readings for the 18-state soybean crop.
Reuters poll of eight analysts ahead of USDA's weekly crop progress report. A week ago, corn harvest was 13% and soybeans 12%; winter wheat planting was expected at 30% complete.
(Updates with USDA data) By Karl Plume CHICAGO, Sept 21 (Reuters) — U.S. corn and soybean condition ratings held steady at three-year lows over the past week, as harvesting of both crops advanced modestly despite widespread rains in parts of the Midwest, according to a weekly U.S. Department of Agriculture report relea
WASHINGTON, Sept 21 (Reuters) — The U.S. Agriculture Department released the following data in its weekly crop progress report: Soybeans Dropping Leaves — Selected States [These 18 States planted 96% of the 2025 soybean acreage]: Week ending: State:September 20,:September 13,:September 20,: 2021-2025: 2025: 2026: 2026
USDA’s weekly crop progress report for the week ended Sept. 20 includes condition ratings for corn, cotton and soybeans and harvest and fieldwork progress for multiple crops. Winter wheat planting and emergence progress were reported, along with harvest progress for corn, soybeans, cotton, rice and spring wheat.
Crop progress reports the U.S. has soybeans harvested at 12% versus the 8-year average/8 years ago reference point.
U.S. corn condition ratings likely remained unchanged while soybean conditions declined slightly as harvesting of both crops began to gather pace a week ago, analysts said ahead of a weekly U.S. Department of Agriculture crop report due on Monday afternoon. According to the average estimate in a Reuters poll of 11 anal