Chicago Board of Trade

Soybean and corn futures edged lower Tuesday on the Chicago Board of Trade, pressured by improving crop prospects. Wheat futures advanced.

Soybeans moved lower amid generally bearish sentiments. Besides the strengthening crop picture, wet weather in the Midwest and technical signals pushed prices downward.

Corn slid in relatively quiet trading. An absence of fresh news kept buyers largely on the sidelines.

Wheat stayed mostly steady in extremely quiet trading.

Wheat for July delivery rose 3/4 cent to $3.19 1/2 a bushel; July corn fell 1 1/2 cent to $2.40 a bushel; July oats rose 3 cents to $1.45 3/4 a bushel; July soybeans fell 2 1/4 cents to $6.10 1/4 a bushel.

Beef and pork futures declined on the Chicago Mercantile Exchange.

July live cattle fell .60 cent to 71.85 cents a pound; August feeder cattle fell .85 cent to 85.82 cents a pound; July lean hogs fell .02 cent to 67.50 cents a pound; July pork bellies fell 1.33 cent to 94.87 cents a pound.

Local markets

As of Tuesday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.08; corn, $2.25; milo, $2.10; soybeans, $5.91. Edgerton Elevator — Wheat, $3.08; corn, $2.25; milo, $2.10; soybeans, $5.91. Overbrook Elevator — Wheat, $3.08; corn, $2.30; milo, $2.15; soybeans, $5.91. Midland Elevator — Wheat, NA; corn, $2.35; milo, NA; soybeans, $5.91. Lawrence North Elevator — Wheat, NA; corn, $2.35; milo, NA; soybeans, $5.93. Lawrence South Elevator — Wheat, $3.08; corn, $2.35; milo, $2.20; soybeans, $5.91. Pauline Elevator — Wheat, NA; corn, $2.35; milo, $2.20; soybeans, $5.95.

St. Joseph livestock

St. Joseph, Mo. — Quotations for Tuesday:

Estimated Receipts: 250. Compared to Monday, barrows and gilts sold .50 higher; 46-50 percent lean 230-270 lbs 44.00-44.50. Sows: No comparison; 1-2 300-700 lbs 29.00. Boars: Steady; 300-700 lbs 6.00.

Nonferrous metals

New York — Spot nonferrous metal prices Tuesday:

Aluminum – 65.7 cents per lb., London Metal Exch. Tue.

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

Copper -78.15 cents per lb., N.Y. Merc spot Tue.

Lead – $469.00 per metric ton, London Metal Exch.

Zinc – 37.99-38.49 ents lb., delivered.

Gold – $365.00 Handy & Harman (only daily quote).

Gold – $365.20 troy oz., NY Merc spot Tue

Silver – $4.540 Handy & Harman (only daily quote).

Silver – $4.504 troy oz., N.Y. Merc spot Tue.

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

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

Platinum $651.70 troy oz., N.Y. Merc spot Tue.