Soybeans are getting a rebound of 8 to 10 cents across the front months on Thursday’s midday. The cmdtyView national average Cash Bean price is back up 9 1/2 cents at $9.63 1/4. Soymeal futures are bouncing back, with contracts up $2.60 to $3.80. Soy Oil futures are down 10 to 25 points at midday. There were 322 delivery notices for August soybean meal overnight, with 60 issued for soybeans and 61 against August soybean oil.
The 7 day forecast is calling for heavy totals of 1 to 3+ inches rain over parts of IA, southern WI, northern MO, and northwest IL in the next week.
