Bean Meal Moves Lower Ahead of Friday’s Crop Report

Bean meal prices moved lower on Wednesday and continue to face downward pressure ahead of this Friday’s crop report. As of the last inspection 63% of soybeans earned top ratings, on part with week-ago conditions. Expectations had been for a 1 to 2 percentage point drop in conditions after hot weather rolled through the Midwest last week.

Looking forward the weather appears to continue to be warmer than…