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Amanda Brill at Total Farm Marketing said, “Soybeans ended the day higher for the first time in seven days with the November contract seeming to find support at the $9.85 level. Today’s move felt more technical than anything as weather forecasts have stayed moderate and export demand remains weak. Soybean meal led the complex higher while soybean oil was mostly lower.” The Hightower Report said, “Some support today may be coming from the Chinese Ag Minister saying the fall crops are facing production challenges due to overlapping drought and floods and measures are being taken to ensure yields don’t collapse.” Amanda Brill at Total Farm Marketing said, “June U.S. soybean crush totaled 197.1 million bushels—up 7.4% from a year ago but down from May’s 203.7 mb. Robust crush activity has added to global soybean meal supplies, even as soybean oil demand remains firm.”





