Soybeans are trading with fractionally mixed action on Thursday morning. Futures posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. Open interest was down 10,939 contracts on Wednesday, mainly in the August, with first notice day on Friday. The cmdtyView national average Cash Bean price was 31 3/4 cents lower at $11.46 ¼. Soymeal futures were $2.50 to $5.00 lower across the front months, with Soy Oil futures down 30 to 159 points.
The next 7 days are looking for 1 to 2 inches across much of eastern NE and the eastern portions of the Dakotas through MN, MO, WI, IA, IL, IN and OH.
