US soybean contracts closed slightly lower on Tuesday after interim gains. November futures fell by 3.75 US cents to 990.75 US cents/bushel. September also lost 3.75 US cents to 971.50 US cents. August was unchanged, as was September for soybean meal prices at 277.00 US dollars/short ton.
USDA data from Monday shows a decline in the rating of stocks: the proportion of plants in the good/excellent category fell by 1 percentage point to 69%. Nevertheless, this figure is higher than it has been for years. The mood of the bulls therefore remained depressed and was additionally burdened by declining exports: 1.501 million tons of soybeans were shipped in June, 5.93% less than in May.
In Winnipeg, canola futures came under noticeable pressure at the start of the week. November futures lost Can-$ 10.30 to Can-$ 672.20/t - the lowest level in two months. Rapeseed for November closed €0.75 lower at €475.50/t.
