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Barchart
Barchart
Austin Schroeder

Soybeans Rallying Back on Friday

Soybeans are up 13 to 14 cents so far on Friday, as bulls take back what they lost on Thursday. The cmdtyView national average Cash Bean price is up 13 1/4 cents at $9.78 1/2. Soymeal futures are back steady to a dime higher on the day, with Soy Oil futures back up 106 points. There were 196, deliveries for August meal on Thursday, with the monthly total at 4,044 contracts. There were 7 deliveries issued for August meal.

Precip is limited over the next week for much of the Corn Belt, with exception to the central-eastern portion of the Dakotas, MN, northern IA, WI, MI and the extreme northern portion of the ECB. 

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