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“Prices were mixed today with beans up $.06-$.09, meal was $2-$4 higher while oil pulled back 25 points. Spreads firmed in soybeans, weakened a bit in oil and mixed in meal. July-25 beans remain stuck in a $10.40-$10.65 range. July-25 meal continues to consolidate just below $300 ton. Inside trade for July oil as it closed at the midpoint of today’s range. Spot board crush margins pulled back $.03 ½ to $1.29 ½ bu. with bean oil PV dipping just under 46%. Markets drew support from signs that trade tensions between the U.S. and China are beginning to thaw. Chinese officials have stated the U.S. has reached out to Beijing a number of ways looking to begin trade negotiations. They also indicate they are evaluating whether to accept the U.S. offer to negotiate,” wrote Mark Soderberg with ADM Investor Services.





