Weekly Recap

July Soybean futures moved higher for the fifth consecutive week, August for the second. The July contract jumped to $10.24½ on Friday before selling pressure pushed beans back down to $10.02 per bushel, which was still a .0175 cents per bushel gain for the day.  The intra-day high for soybeans was their highest level since March 2^nd. Strong and abundant rains are wiping out good sections of…