Soybeans are trading with contracts 10 to 11 cents higher at Friday’s midday. The cmdtyView national average Cash Bean price is up 10 1/4 cents at $12.14 1/4. Soymeal futures are $2.20 to $2.50, with Soy Oil futures down 92 to 115 points at midday.
The NOAA 7-day QPF shows less than 0.5 inches across much of main soybean growing regions in the next week. MO is the exception with at least an inch expected, with eastern OH seeing 1 to 2 inches. The 8-14 day outlook shows a drier pattern in the first week of August for much of the Dakotas, IA, MN and WI.
