International Edible Oil Market Report as on 15th March 2017

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Soybean futures closed 6 3/4 to 7 cents lower, as March 17 last trading was today. Bean oil was down 2 points and meal futures were $3.60 lower. A survey of producers by Allendale Inc pegs soybean acreage at 88.825 million acres. AgRural estimates that Brazilian soybean harvest is 56% complete, vs. 52% the same time last year. The NOPA report will be out Wednesday morning, with soy oil stocks seen increasing and soybean crush predicted to be lower, month/month.

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