International Edible Oil Market Report 07 June 2018

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Soybean futures ended the Wednesday session with most contracts 6 to 7 cents in the red. Nearby soybean meal was down $2.30/ton, with soy oil 14 cents lower. Analysts are expecting the USDA to show 200,000-500,000 MT in old crop soybean sales on Thursday, with new crop seen in the same range. Sales of soy meal are estimated at 50,000 to 450,000 MT, as soy oil sales are expected at 5,000-32,000 MT.

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