Wheat Lower - Soybeans Lower

Wheat futures erased over-night gains early on Tuesday, selling then accelerated late in the trading session and eroded much of Monday's move higher. Trading was weak at the close. May Chicago Wheat settled at 503 1/2,down 10 1/2 cents. July Chicago Wheat settled at 506 1/2 , down 9 3/4 cents. May Kansas City Wheat settled at 542 3/4, down 12 1/4 cents. Soybean futures closed lower Tuesday extending Monday' s losses. May Soybeans settled at 954 1/2, down 14 3/4 cents. May Soymeal settled at 317.5, down 6.2. May Soybean Oil settled at 30.04, down 0.35. Corn Futures traded weak on Tuesday. May Corn settled at 371, down 8 cents. July Corn settled at 379, down 8 cents.