Soybean futures are mostly 13 to 17 1/2 cents in the red on Wednesday. Soy meal is down $5.40/ton, with front month soy oil 37 points lower. The 5 day QPF shows precipitation chances for rains this week with a majority of it in NE and IA and lighter totals in the ECB. Recent weakness in the Real vs. a stronger US dollar has cheapened Brazilian soybeans on the world market. China is in the US this week to try and come up with a solution on the recent trade issues.

Jul 18 Soybeans are at $10.01 1/4, down 17 1/2 cents,

Aug 18 Soybeans are at $10.05, down 17 cents,

Sep 18 Soybeans are at $10.07, down 15 3/4 cents,

Nov 18 Soybeans are at $10.11, down 13 3/4 cents,

Jul 18 Soybean Meal is at $376.90, down $5.40

Jul 18 Soybean Oil is at $30.75, down $0.37

Market Commentary provided by:

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