“Prices were mostly higher across the complex with beans surging $.15-$.20, meal ranged from up $5 in Sept-25 to down $4 in back months, while oil was up nearly $.02 ½ lb. Nearby meal spreads continue to surge as hand to mouth buying by end users appears to have left them in short supply. There was also net cancellations of 34 contracts registered for delivery with the CME against soybean meal futures. While a new low in the Sept/Nov bean spread, back months all firmed. Oil spreads were slightly higher on the price surge. New high for the month in Nov-25 beans with next resistance the July high at $10.58 ½. Sept-25 oil held support overnight at the 100-day MA. Today’s rally topped out near the 50-day MA,” noted Mark Soderberg with ADM Investor Services.