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Prices were modestly higher across the complex with beans up $.02-$.04, meal was up $1-$2 while oil was slightly higher. Spreads were mixed and little changed. July-25 beans continue to consolidate near its 100-day MA at $10.47 ¾. “Inside trade for July-25 oil as prices consolidate between $.48-$.50 lbs. July-25 meal once again established a fresh 6-week low while holding support above its contract low at $289.70. Spot board crush margins rebounded another $.02 to $1.35 ½ bu. with bean oil PV slipping to 45.8%,” reported Mark Soderberg with ADM Investor Services.





