Soybeans Ease Back Lower on Tuesday, as the Products Diverge

Group 1 - Soybean prices experienced a slight decline, with contracts down 2 to 3 cents across the front months, and the national average cash bean price decreased by 2 ¼ cents to $9.53 1/4 [1][4] - Soymeal futures showed an increase ranging from $1.50 to $7.00 in the front months, while soy oil futures fell by 87 to 105 points [1] - The USDA's NASS reported that 21% of the US soybean crop had dropped leaves, which is 1% behind the normal pace, with significant lagging progress in several states [2] Group 2 - The upcoming monthly Crop Production report is expected to show a yield drop of 0.3 bushels per acre (bpa) to an average of 53.3 bpa, with production estimated at 4.271 billion bushels (bbu), reflecting a reduction of 21 million bushels (mbu) if realized [3] - Canadian canola stocks at the end of July were reported at 1.597 million metric tons (MMT), marking a 50.5% decrease from the previous year [3] - Brazil's soybean exports are estimated at 7.43 MMT, which is an increase of 0.68 MMT from the previous week's estimate [3]