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ADM Investor Services said, “Prices were mixed today with soybeans ranging from $.03 higher in old crop to $.01 lower in new crop. Meal was $2-$3 lower while oil was up 65 points. Spreads were mixed in beans and oil while weaker in meal. Several meal spreads widened to new lows.” The Hightower Report said, “China’s comments overnight that they can do without U.S. farm goods pressured the market early this morning, but the rebound indicates that there are other bullish forces at work, including strong vegoil prices, anticipated demand from non-Chinese buyers, and technical strength after strong chart action late last week.” Austin Schroeder at Barchart.com said, “The US soybean crop was listed at 18% planted as of Sunday, a move 10 percentage points on the week and ahead of the 5-year average pace of 12%.”





