Soybeans are trading 1 to 3 cent losses at Friday’s midday. July options expire on Friday with FND on Tuesday. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.76 1/4. Soymeal futures are down $2.30 in the nearbys, with Soy Oil futures back on the steadier side.
The NOAA 7-day QPF shows much of NE, SD, IA, the southern portions of MN/WI as well as the northern areas of the Eastern Corn Belt with very limited rainfall. Totals of 1 to 2 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.
