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The Hightower Report said, “With weakness in the bean oil market undermining soybeans yesterday and another more significant downside breakout downside extension in bean oil this morning, that should increase the importance of November consolidation low support starting at $10.27 ¾.” Ryan Kelbrants at CHS Hedging said, “The American Soybean Association is urging the U.S. to prioritize soybeans in future U.S.-Chinese trade negotiations.” The Hightower Report said, “In a very minor potentially supportive (but already known to the market) development the EPA is expected to announce a major increase in biofuel mandates with the mandates expected to benefit farmers over biofuel oil refiners.”