Chicago Board of Trade

Soybean futures tumbled Tuesday on the Chicago Board of Trade, pressured by a wave of technically motivated selling.

Corn and wheat finished mixed and little-changed.

Soybean prices reversed the previous day’s gains on first notice day for the August contract, when investors start selling contracts for commodities they don’t want to take possession of. Market-watchers also said the absence of follow-through buying interest after Monday’s price rise helped touch off the selling spree.

Corn inched fractionally higher following a weekly crop report that contained few surprises. Some support came from the slight decline in crop conditions, but most analysts had already factored it into prices.

Wheat decreased modestly on profit-taking that took place after early buying interest vanished.

Wheat for September delivery fell 2 1/4 cents to $3.47 1/4 a bushel; September corn rose 1/4 cent to $2.10 a bushel; September oats rose 5 3/4 cents to $1.42 a bushel; August soybeans fell 14 3/4 cents to $5.39 1/2 a bushel.

Local markets

As of Tuesday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.08; corn, $1.95; milo, $1.75; soybeans, $5.37. Edgerton Elevator — Wheat, $3.08; corn, $1.95; milo, $1.75; soybeans, $5.37. Overbrook Elevator — Wheat, $3.08; corn, $2; milo, $1.80; soybeans, $5.37. Midland Elevator — Wheat, NA; corn, $2.05; milo, NA; soybeans, $5.37. Lawrence North Elevator — Wheat, NA; corn, $2.05; milo, NA; soybeans, $5.39. Lawrence South Elevator — Wheat, $3.08; corn, $2.05; milo, $1.80; soybeans, $5.37. Pauline Elevator — Wheat, NA; corn, $2.05; milo, $1.80; soybeans, $5.41.

USDA Loan Deficiency Payments — Oats: 3 cents. Milo: 30 cents.

St. Joseph livestock

St. Joseph, Mo. (ap) — Quotations for Tuesday:

Estimated Receipts: 150. Compared to Monday, barrows and gilts sold steady; 46-50 percent lean 230-270 lbs 40.50-41.00. Sows: Compared to the last test sows sold 1.00-2.00 lower; 1-2 300-400 lbs 31.00-33.00; 400-500 lbs 31.00-33.00; 1-3 500-700 lbs 35.00-37.00. Boars: Steady; 300-700 lbs 6.00.

Nonferrous metals

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

Aluminum – 67.0 cents per lb., London Metal Exch. Tue.

Copper -80.30 cents per lb., N.Y. Merc spot Tue.

Lead – $520.00 per metric ton, London Metal Exch.

Zinc – 41.37-41.87 cents lb., delivered.

Gold – $361.70 troy oz., NY Merc spot Tue.

Silver – $5.162 troy oz., N.Y. Merc spot Tue.

Mercury – $175.00 per 76 lb flask, N.Y.

Platinum – $698.00 troy oz., N.Y. (contract).