Soybeans are trading with Friday morning losses of 1 to 2 ½ cents Futures posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean price was up 2 ¾ cents at $11.49. Soymeal futures were 40 cents to $1.20 lower across most contracts, with Soy Oil futures down 17 to 82 points. There were no deliveries issued against August soybeans or soybean oil first notice day, with 783 issued against August soybean meal.
Rain fell in parts of NE, the Dakotas, and MN overnight The next 7 days are looking for 1 to 2 inches across much of MO, WI, IA, IL, IN and OH, mainly in the next day or so.
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