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Barchart
Barchart
Austin Schroeder

Soybeans Holding onto Midweek Gains as NOPA Reports a Large June Crush

Soybeans are up 5 to 8 cents so far on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents $11.52. Soymeal futures are down 40 cents to $1 higher, with Soy Oil futures 3 to 14 points higher.

The next 7 days are remaining dry for much of the Western Corn Belt according to NOAA’s 7-day QPF, with just trace amounts in parts of MN, IA, NE, MO, and the Dakotas. The Eastern Corn Belt is a little wetter, with 0.5-1.5 inches expected in parts of IL, IN, and OH.

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