Amanda Brill at Total Farm Marketing said, “Soybean futures are mixed this morning with May soybeans down 1/4 cent to $11.75-1/2 and November up 2-3/4 cents to $11.60-1/2. May soybean meal is down $1.80 to $330.0 while May soybean oil is up 0.87 cents to 67.96 cents. This is a relatively small move given that crude oil is up very sharply, over $7.00 a barrel to $104.00.” The Hightower Report said, “Any headline hinting at the postponement of the Beijing summit could create a wave of selling in beans as China demand is badly needed if the U.S. has any chance to reach the USDA’s export projections. With the technical outlook for bean oil suspect until it can close above last week’s gap, beans face tough headwinds especially if this morning’s $7 a barrel rally in crude can’t give beans a bullish boost.”