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“Prices were mixed with beans $.08-$.10 higher, meal was up $3-$4 while bean oil backed up another 15-20 points. Bean spreads were mixed while product spreads eased. Inside trade for both Sept-25 and Nov-25 beans. Sept-25 bean oil traded below the previous sessions low for 6 consecutive sessions. Next support is the 50-day MA at 52.81. Inside trade for Sept-25 meal. Much above normal temperatures across the Southern Plains and WCB will gradually ease to more normal readings by early next. Except for the NC Midwest and ND much of the Midwest will experience net drying over the next week. Some late season crop stress is likely. Additional rains the second half of August will be needed to maximize yield potential. Spot board crush margins slipped $.01 to $2.22 bu. while bean oil PV pulled back to 49.2%,” reported Mark Soderberg with ADM Investor Services.





