Soybeans rallied back on Thursday, with contracts up 9 to 10 ¼ cents at the close. The cmdtyView national average Cash Bean price was back up 8 1/2 cents at $9.35 1/4. Soymeal futures bounced back, with contracts up $3.30 to $4.00. Soy Oil futures were down 20 to 28 points on the day. 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.
