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“Beans spreads were mixed while product spreads weakened. July ’26 beans fell to a four-month low while Nov. ’26 hit a two-month low. Still waiting for renewed Chinese soybean interest. The U.S. FOB offer premium to Brazil has slipped to 20-30 cents per bu. for July/Aug while pretty much even for Sept. forward,” Soderberg said. “This week’s high in July ’26 oil was the highest in four years driven by surging RIN values and increased RD production margins.”





