International Edible Oil Market Report 10th October 2017

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Soybean futures settled the Monday trade session mostly 5 to 7 cents lower. Oct soy meal was down $3.50/ton, with nearby bean oil 31 points in the green. The weekly Export Inspections report will be delayed until Tuesday, with today’s Federal holiday. Analysts are expecting this Thursday’s WASDE to show 2017 US soybean production at 4.437 bbu. That comes as some traders are estimating a slight hike in harvested acreage to 89 million acres.

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