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The Hightower Report said, “The soy complex closed poorly after bean oil turned lower following a 5-month high Friday., and crude oil turned sharply weaker on the day after very strong trade overnight. The market is focused on favorable weather this week and geopolitical events are mostly being ignored with rains expected in the north-central Midwest.” John Heinberg at Total Farm Marketing said, “China’s soybean imports from Brazil surged 37.5% year-over-year in May, reaching 12.11 MMT, up from 8.81 MMT last year. U.S. soybean shipments to China totaled just 1.63 MMT, highlighting Brazil’s continued dominance during the peak export season.”





