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Barchart
Barchart
Austin Schroeder

Soybeans Extending Gains to Wednesday

CmdtyView Oil WI

Soybeans are trading with 6 to 8 ¾ cent gains so far Wednesday. The cmdtyView national average Cash Bean price is up 7 3/4 cents at $9.80 1/2. Soymeal futures are  $4.90/ton higher at midday, with Soy Oil futures up 2 points. There were another 118 August soybean meal deliveries overnight, with 3 issued for soybean oil. August futures expires on Thursday.

The next week is looking a 1 to 3 inches of rain in parts of the Dakotas, MN, northern IA/IL and WI according to NOAA’s 7-day forecast.

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