Wheat steady-down 2 cents, corn up 2-3 cents, soybeans rise 10-11 cents

CBOT soybeans gained more ground on Tuesday, reaching their highest since late July, after a U.S. government report showed a decline in crop conditions, while strong Chinese demand also underpinned prices.

The U.S. Department of Agriculture lowered its condition ratings for the nation's soybean crops in a weekly report on Monday, in line with trade expectations.

The USDA rated 61% of the soybean crop in good-to-excellent condition, also down 1 percentage point from last week and the lowest for this time of year since 2023.

South Dakota's soybean pod counts are lower than last year and the three-year average, scouts on a closely watched tour of U.S. corn and soybean farms found on Monday.

National Oilseed Processors Association data showed NOPA members, which account for nearly all soybeans crushed in the United States, processed 216.647 million bushels of soybeans last month, up 1.1% from June and up 10.7% from July 2025.

The U.S. Department of Agriculture reported exporters sold 136,000 metric tons of soybeans to China for 2026/2027 delivery.

CBOT November soybeans SX26 were last up 11 cents at $12.27 per bushel.

Corn up 2 to 3 cents per bushel

Soybeans rise 10 to 11 cents per bushel

Wheat steady to down 2 cents per bushel

U.S. grain and soy complex expectations at CBOT open

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