Soybean futures hit a four-month high Tuesday on worries about stressful crop weather in the Midwest and as traders squared positions one day ahead of monthly reports from the U.S. Department of Agriculture. August beans gained 4 ½ cents to $10.29 ¼ and November added 4 cents to $10.43 ¼. After Tuesday’s gains the market of course did some correcting back down 8.4 cents Wednesday. Locally, the pricing works out to better than $11/bu picked up in the yard for any remaining product in the bin with a couple different buyers saying they are looking for firm offers on product to move quite quickly. More heat and dryness through the Midwest US will most likely keep support for the futures for the time being as we make our way through this cropping season.

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