International Edible Oil Market Report 12th July 2017

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Soybean futures finished Tuesday trade with gains of 4 1/2 to 5 1/4 cents, despite lower overnight trade. Nov has saw gains for the last 11 closes. July 17 soy meal was up 40 cents, as soy oil was 11 points higher in the front month. Soybean conditions during the week of July 9 were lowered, as MN and LA were the only states to show improvement. The USDA is expected to lower 16/17 and 17/18 US soybean ending stocks 20 mbu and 22 mbu respectively, as analysts are projecting lower production on lower acreage.

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