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“Prices were mixed with beans up $.05-$.06, meal was $3-$4 lower while oil was up 75-80 points. Spreads were also mixed. July-25 beans once again fell to a 2-week low overnight, however held support at the 50 day MA at $10.37. Fresh 3-week low for July-25 meal with next support at the contract low just below $290. Spot board crush margins backed up $.04 ½ to $1.33 bu. while bean oil PV increased to 46.3%. News on the tariff front is limited other than claims from Chinese state media that the U.S. has reached out to their government to discuss tariffs. Expect little progress in the near term as China celebrates May Day through May 5,” reported Mark Soderberg with ADM Investor Services.





