“August Soybeans finished down 6, 10 3/4 off the high and 1 up from the low. September Soybeans closed down 6 1/4. This was 1 3/4 up from the low and 11 off the high,” according to The Hightower Report. “December Soymeal closed up 1.5. This was 3.4 up from the low and 1.2 off the high. December Soybean Oil finished down 1.37, 1.65 off the high and 0.18 up from the low. Bean closed weaker on heavy pressure on bean oil. Questions regarding the future of renewable diesel and bean oil usage have become a trader focus over the last couple of sessions as the EPA looks to reverse the climate change guidelines underpinning biofuel mandates. While this is a longer-term issue, bean oil prices have weakened significantly over the last few sessions and again today, pulling beans lower as well.”