Chicago soybean futures turned lower on Tuesday, as weather forecasts called for Brazil's dry crop belts getting some much-needed rainfall in the coming days.
Wheat futures rose on a technical bounce
Lean hog futures also ended the day lower
Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex
Good export demand also underpinned soybeans
Lean hogs end slightly down after early jump
CBOT long liquidation saw the net long position in soybeans dip
Gains in the stock market supported livestock futures, analyst says
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Live cattle futures have bounced a bit after sinking last week to a 14-month low
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts