Soybean futures posted losses of 13 to 14 cents in the front months on position squaring ahead of Wednesday. Soymeal was down $1.70/ton, as soy oil was 30 points in the red. The USDA reported a net cancelation of 192,000 MT of soybeans to unknown for 18/19 this morning. The Crop Progress report showed 31% of the US soybean crop had leaves dropping as of 9/9, well above the average pace of 19%. The crop was rated at 68% gd/ex, up 2% from the week prior, while the Brugler500 Index was 4 points higher at 373. Ratings by state show IN, ND, and NE steady, with IA, IL, MN and SD all higher. The average trade estimate is calling for new crop world carryout to be increased by 1.35 to 107.29 MMT in Wednesday’s WASDE report. Brazil soybean production for 17/18 is estimated at 119.28 MMT by CONAB, up 0.3 MMT from their August projection.