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Soybean futures settled Tuesday trade mixed with Nov16 1 1/4 cents lower, and 2017 contracts slightly higher. Dec bean oil gave back nearly 22% of its Monday gain on Turnaround Tuesday. Soybeans found some support earlier in the day from a 516,000 MT sale to China announced under the daily reporting system this morning. SAFRAS estimates that Brazilian soybean planting is 26% completed, about 8 points ahead of last year for this date.
Nov 16 Soybeans settled at $9.90 3/4, down 1 1/4 cents,
Jan 17 Soybeans settled at $10.02 1/4, unch,
Mar 17 Soybeans settled at $10.09 1/2, up 1/2 cent,
May 17 Soybeans settled at $10.16 1/4, up 3/4 cent,