“Prices were mixed with beans ranging from $.01 ½ lower to $.02 higher, meal was down $3-$5 while oil was 40-100 points higher. Bean and oil spreads were mixed while meal spreads weakened. New high for the May/July oil spread. For now July-26 beans rejected trade above $12. Nov-26 beans reached a 2-year high. New contracts highs in bean oil with the spot contracts soaring to a fresh 3 ½ year. July-26 meal violated support at its 50-day MA at $319.60. Surging D4 RIN values along with higher prices for alternative feedstocks has kept bean oil the feedstock of choice in green diesel production. Energy prices experienced 2-sided trade after reaching fresh contract highs for the June-26 contracts in WTI crude oil, RBOB and heating oil in overnight trade. Spot board crush margins slipped $.01 to $3.67 bu. while bean oil PV surged to a new all-time high at 54.2%. There were no deliveries against May-26 beans or meal while only 400 against May-26 oil. Export sales at 10 mil. were at the low end of expectations. YTD commitments at 1.425 bil. are down 18% from YA in line with the USDA forecast. Sales to China have reached 11.735 mmt with another 1.4 to unknown. Shipments to China are up to 10.4 mmt. YTD meal sales at 14.35 mmt are up 16% YOY vs. the USDA up 6%. Bean oil sales at 810 mil. lbs. down 62% YOY vs. USDA forecast of down 52%,” reported Mark Soderberg with ADM Investor Services.