Soybeans Holding onto Midweek Gains as NOPA Reports a Large June Crush

Soybeans are up 5–8 cents on Wednesday; the cmdtyView national average Cash Bean price is up 6 1/4 cents to $11.52. Soymeal futures are down $0.40 to $1 higher, while soy oil futures are 3–14 points higher. The article notes the next 7 days are still dry, which may be a near-term supportive factor but details are limited.

Analysis

Soybeans are up 5–8 cents on Wednesday; the cmdtyView national average Cash Bean price is up 6 1/4 cents to $11.52. Soymeal futures are down $0.40 to $1 higher, while soy oil futures are 3–14 points higher. The article notes the next 7 days are still dry, which may be a near-term supportive factor but details are limited.