Chicago Board of Trade

Soybean futures fell to nearly five-week lows Monday on the Chicago Board of Trade, pressured by good planting weather in the Midwest and other factors.

Corn and wheat also declined.

Beneficial crop conditions were the primary issue weighing on soybean prices, but not the only one. The improved U.S. dollar, poor export inspections and technical weakness also contributed to heavy selling.

Corn also headed lower — albeit not as sharply — due to the crop progress. Farmers are now thought to have planted about 95 percent of this year’s crop.

Wheat sank under pressure from the slides in the neighboring agricultural commodities.

Wheat for July delivery fell 5 1/2 cents to $3.18 3/4 a bushel; July corn fell 2 3/4 cents to $2.41 1/2 a bushel; July oats fell 5 cents to $1.42 3/4 a bushel; July soybeans fell 12 cents to $6.12 1/2 a bushel.

Beef futures advanced while pork futures settled mixed on the Chicago Mercantile Exchange.

July live cattle rose 1.35 cent to 72.45 cents a pound; August feeder cattle rose 1.37 cent to 86.67 cents a pound; July lean hogs finished unchanged at 67.52 cents a pound; July pork bellies fell .05 cent to 96.20 cents a pound.

Local markets

As of Monday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.12; corn, $2.29; milo, $2.14; soybeans, $6.06. Edgerton Elevator — Wheat, $3.12; corn, $2.29; milo, $2.14; soybeans, $6.06. Overbrook Elevator — Wheat, $3.12; corn, $2.34; milo, $2.19; soybeans, $6.06. Midland Elevator — Wheat, NA; corn, $2.39; milo, NA; soybeans, $6.06. Lawrence North Elevator — Wheat, NA; corn, $2.39; milo, NA; soybeans, $6.08. Lawrence South Elevator — Wheat, $3.12; corn, $2.39; milo, $2.24; soybeans, $6.06. Pauline Elevator — Wheat, NA; corn, $2.39; milo, $2.24; soybeans, $6.10.

St. Joseph livestock

St. Joseph, Mo. — Quotations for Monday:

Due to reduced volume the Monday cattle report will be discontinued for the summer.

Estimated Receipts: 300. Compared to Thursday, barrows and gilts sold 4.00 higher; 46-50 percent lean 230-270 lbs 43.50-44.00. Sows: Scarce. Boars: 300-700 lbs 6.00.

Nonferrous metals

New York — Spot nonferrous metal prices Monday:

Aluminum – 65.2 cents per lb., London Metal Exch. Fri.

Copper – $82.0 Cathode full plate, U.S. destinations.

Copper -78.00 cents per lb., N.Y. Merc spot Fri.

Lead – $467.50 per metric ton, London Metal Exch.

Zinc – 37.38-37.88 ents lb., delivered.

Gold – $364.75 Handy & Harman (only daily quote).

Gold – $364.50 troy oz., NY Merc spot Fri

Silver – $4.565 Handy & Harman (only daily quote).

Silver – $4.526 troy oz., N.Y. Merc spot Fri.

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

Platinum – $647.00 troy oz., N.Y. (contract).

Platinum $636.80 troy oz., N.Y. Merc spot Fri.