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Amanda Brill at Total Farm Marketing said, “Soybeans are trading higher following bullish crushing numbers and oversold futures yesterday which saw the August contract fall to $10.16-1/4 before recovering, the lowest level since April. Meal is lower while bean oil leads the complex higher.” The Hightower Report said, “Rains over the next 5 days will favor the north-central Midwest and the 6-10 day has above normal precipitation for the Central Plains and southeast U.S, with temperatures normal to slightly above.” Amanda Brill at Total Farm Marketing said, “The USDA released its monthly oilseed report which showed soybean crushings for May at 203.7 million bushels. This was up 6.3% from the same period last year and also up from the previous month. Crude oil production was 6.5% higher.”





