Soybeans are trading with contracts down 3 to 5 ¼ cents at midday. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $11.28 3/4. Soymeal futures are down $2.20 to $3.00, with Soy Oil 30 to 40 points lower. There were 137 deliveries issued against August soybeans overnight, with 322 for August bean oil.
The NOAA 7-day QPF shows rains across much of IA, MO, IL, IN, WI, MI, and OH over the next week with totals nearing 1 to up to 4 inches in some locations.
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