Chicago Board of Trade

Technically motivated selling pulled soybean prices lower Monday on the Chicago Board of Trade.

Wheat and corn also fell modestly.

Market-watchers attributed the drop in soybean futures to the expiration of the July contract, which weighed on other nearby contracts. A lower crush figure in the government’s monthly crush report also contributed.

Wheat pulled back amid a lack of fresh news to generate buying.

Corn slipped lower, partly under pressure from favorable growing conditions in the Midwest.

Local markets

As of Monday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $2.79; corn, $1.97; milo, $1.77; soybeans, $5.97. Edgerton Elevator — Wheat, $2.79; corn, $1.97; milo, $1.77; soybeans, $5.97. Overbrook Elevator — Wheat, $2.79; corn, $2.02; milo, $1.82; soybeans, $5.97. Midland Elevator — Wheat, NA; corn, $2.07; milo, NA; soybeans, $5.97. Lawrence North Elevator — Wheat, NA; corn, $2.07; milo, NA; soybeans, $5.99. Lawrence South Elevator — Wheat, $2.79; corn, $2.07; milo, $1.82; soybeans, $5.97. Pauline Elevator — Wheat, NA; corn, $2.07; milo, $1.82; soybeans, $6.01.

Nonferrous metals

New York (ap) — Spot nonferrous metal prices Monday:

Aluminum – 66.2 cents per lb., London Metal Exch. Mon.

Zinc – 39.76-40.26 cents lb., delivered.

Gold – $347.70 troy oz., NY Merc spot Mon.

Silver – $4.790 troy oz., N.Y. Merc spot Mon.