Soybeans were up 16 1/2 to 22 cents across the board at Thursday’s close. The cmdtyView national average Cash Bean price was up 20 1/2 cents at $10.79 3/4. Soymeal futures were up $1.40 to $4.90 in the nearbys, with Soy Oil futures back up 129 to 169 points.
Precip heading into the first couple days of July is limited in portions of NE, SD, IA, the southern portions of MN/WI as well as the northern areas of the Eastern Corn Belt according to the NOAA 7-day QPF. Rain totals of 1 to 3 inches are seen in much of the ECB. The 8-14 day outlook from the CPC shows warmer than normal temps across the US, with the ECB looking at drier than normal precipitation.
