International Edible Oil Market Report 8th August 2017

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Soybean futures settled 10 1/2 to 13 cents higher on Monday. Nearby soy meal was up $4.50/ton, with Aug 17 soy oil down 9 points. This morning’s USDA export inspections report indicated 685,697 MT of soybeans were exported during the week of August 3, 39.22% larger than a week ago but 32.46% lower than this time last year. There was also a USDA daily announcement of 206,000 MT of soybeans sold to unknown destinations for 16/17. Nearly 90% of the US soybean crop was blooming as of Sunday,

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