crude oil was unchanged at 7:54 am CT, USD 33 points lower and Dow futures higher.
sales were withing expectations for soybeans, SBO and wheat, low end of expectations for corn and above expectations for meal. Soybeans are higher led by another rally in soybean oil as traders try to make sense over yesterday’s confusion over US biofuel
mandate headlines. Palm futures were up nearly 3%. Corn is lower but a sharply lower USD may support prices. US biofuel blending proposals might be released sometime by the end of the week. Wheat futures are higher on follow through buying, strong Black
Sea prices, and renewed global demand.