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“Prices were mixed with soybeans down $.08-$.11, meal rebounded $2-$3 while oil pulled back just over $.01 per lbs. Bean and oil spreads were mixed while meal spreads firmed after making a new low in May/July. July-25 beans held support above its 100-day MA at $10.41. July-25 oil fell back to support near $.49 lb. A nice bounce in July-25 meal today however still holding under $300 per ton. Spot board crush margins rebounded $.07 to $1.35 ½ bu. with bean oil PV falling back to 45.7%,” noted Mark Soderberg with ADM Investor Services.





