Soybeans Popping Higher on Thursday

Soybeans are trading with 5 to 6 cent gains so far on Thursday AM. Futures fell back into the Wednesday close, with contracts 5 to 6 cents in the red. Preliminary open interest suggested new selling interest, up 12,421 contracts. There were 10 deliveries issued against September soybeans overnight. The cmdtyView national average Cash Bean price was down 5 ¾ cents at $9.47 1/2. Soymeal futures closed Wednesday with losses of $2.80 to $5.30, with Soy Oil futures 36 to 54 points higher. The CME reported anoth ...