“Prices were moderately higher across the complex with beans up $.09-$.11, meal was $2-$5 higher while oil was up over $.01 lb. Spreads were mixed in soybeans while firmer in the products. Spot crush margins surged another $.14 to $3.12 bu., a fresh 3.5-year high, while bean oil PV improved to 50.3%. NOPA crush at 226 mil. bu. was below the average estimate of 230 million; however, within the range of estimates. Processing was well above the 209 mil. bu. in Feb-26 and the 194.5 in Mch-25 however failed to reach the all-time high of 227.65 in Oct-25. Implied census crush at 231 mil. bu. would bring YTD to total to 1.565 bil. bu., up 9% from YA vs. the revised USDA forecast of up 7%. To reach the current USDA est. of 2.610  bil. bu. crush over the last five months of the MY will need to reach 207 mil. bu., up 4% from YA. Bean oil stocks at only 2.04 bil. lbs. were below expectations of 2.173 while falling from 208.8 the previous month. Tomorrow’s export sales are expected to range from 8-22 mil. bu. of soybeans, 300-600k tons of meal and -10 – 14k tons of oil,” reported Mark Soderberg with ADM Investor Services.