On Tuesday, CBOT soybean futures closed higher, with the benchmark November contract rising 0.48% to settle at 1149.5 cents/bushel, following gains in corn and wheat. The USDA planting area and quarterly stocks reports were overall bearish, but the market had already priced in the negative data. After the reports were released, a "sell-the-rumor, buy-the-fact" effect emerged, with short covering driving the rebound. U.S. May soybean crush came in at 6.39 million short tons (213.1 million bushels), below market expectations and the previous month's level, though still higher than the same period last year. On the weather front, high temperatures across most of the U.S. Midwest this week are expected to add growth stress to soybean crops. The good-to-excellent rating fell to 65% as of June 28, down 1 percentage point from the prior week. In the near term, U.S. soybeans have entered a weather-trading window, but expanded acreage and high inventories continue to cap upside.