“Prices were mixed with beans down $.01, meal was off $4-$5 while bean oil was up 30-80 points. Spreads were mixed as oil spreads surged, meal spreads softened while beans were mixed. May-26 meal violated support at its 100-day MA. May-26 bean oil carved out its 8^th consecutive higher close as speculative traders returned as net buyers. While crude oil was little changed, heating oil prices jumped to fresh contract highs. Spot crude oil held within yesterday’s range closing just under $75 a barrel. The Trump administration is working to reopen passage thru the Straits of Hormuz Spot board crush margins were little changed at $2.13 bu. while bean oil PV spiked to 50.8% closing in on last summer’s all-time high at 51.3%,” reported Mark Soderberg with ADM Investor Services.