Soybean futures ended higher, as market finds value near recent lows. Futures benefit from sentiment that prices have fallen enough for this time of year, with the uncertainties of a long growing season still ahead, said Kleist. CBOT Nov soy ended up 4 cents at $13.19/bushel.
CBOT December soymeal settled down 0.2% at $338.70/short ton, December soyoil finished up 0.7% at 56.59 cents/pound.
U.S. rice futures rallied Tuesday, managing to stabilize after slumping to more-than-three-month lows. The market bounced in unison with grain futures, as traders evened positions ahead of Thursday's USDA reports, analysts said. CBOT September rice rose 0.5% to $14.39 1/2/hundredweight.
Oat futures climbed, recovering from prior declines, as the market succumbed to broader-based buying in grain futures. The September contract advanced 2.5%, to $3.44 1/2 a bushel. Ethanol futures bounced Tuesday, driven higher by strong gains in corn and crude oil futures. Ethanol for December delivery rose 1.9% to $2.360 per gallon.
--Ian Berry contributed to this article.