Soybean futures were steady to 1/2 cent lower in the nearby contracts on Monday, as new crop contracts were mostly higher. Bean oil dropped 57 points, while meal futures rose $2.30. With the release of the NOPA this Wednesday, analysts are projecting 146.091 million bushels of soybeans were crushed in February according to Reuters. Soyoil stocks are estimated to be 1.747 billion pounds for the end of February.
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