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Barchart
Austin Schroeder

Soybeans Hold Gains and Fill some Gaps on Wednesday

CmdtyView WI

Soybean bulls pushed back into the close on Wednesday, with contracts up 10 to 12 cents at the close. November filled the gap from the post-July 4th weekend. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $9.82. Soymeal futures were $3 to $5.70/ton higher to close the day, with Soy Oil futures up 5 to 31 points. August futures expire on Thursday.

The next week is looking at 1 to 3 inches shifting mostly over MN, and WI according to NOAA’s 7-day forecast, with parts of the Dakotas and MI seeing some lighter precip.

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