Chicago Board of Trade soybean futures rose for a second session on Tuesday, as China's purchase of U.S soybeans supported sentiment.
Corn rose on weather worries, while wheat declined on ongoing harvest and ample global stocks.
FUNDAMENTALS
* The most-active CBOT soybeans contract CBOT:ZS1! climbed 0.31% to $11.96-1/4 a bushel by 0210 GMT. Wheat CBOT:ZW1! fell 0.49% to $6.11-1/4 a bushel, and corn CBOT:ZC1! rose 0.11 to $4.58-3/4 a bushel.
* China's state-owned trader COFCO bought at least five cargoes, or at least 300,000 metric tons, of U.S. soybeans on Monday for shipment between September and November, two U.S. traders with knowledge of the deals said.
* Saudi Arabia purchased 661,000 metric tons of wheat in its fourth tender this year, the General Food Security Authority said.
* The U.S. Department of Agriculture reported in its weekly crop progress report on Monday corn condition ratings held steady from the week prior and soybean ratings ticked slightly lower from the prior week.
* The U.S. winter wheat crop is in 26% good-excellent condition, the worst on record for this time of year and in line with analyst expectations.
MARKET NEWS
* Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics KRX:005930 forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation. MKTS/GLOB
DATA/EVENTS
0600 Germany Industrial Output MM May
0600 Germany Industrial Production YY May
0600 UK Halifax House Prices MM, YY Jun
0645 France Reserve Assets Total Jun
1230 US International Trade $ May