International Edible Oil Market Report 11th July 2017

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Soybean futures finished with front months 23 to 24 1/4 cents in the green on Monday. July 17 soy meal was up $7.90, as soy oil was 84 points higher in the front month. This afternoon’s NASS report showed that 34% of the soybean crop is blooming, with 7% setting pods, with both ahead of their respective averages. Soybean conditions during the week of July 9 dropped 2% g/e to 64%, as the Brugler500 index is now at 358. The Export Inspections report showed that 475,157 MT of soybeans were exported during the week of July 6, a 69.07% jump over last week and 21.76% larger than last year.

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