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Soybeans Jul '17 (ZSN17)

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Brugler report

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Wed May 24, 7:26AM CDT
Soybean futures are currently close to UNCH after being mostly 6 to 8 1/4 cents lower on Tuesday. Preliminary open interest rose only 1,233 contracts, suggesting more rotation of ownership than new selling interest. July 17 meal was down $1.50, with soy oil 60 cents lower in the front month. Planting process in NE is lagging the average pace by nearly 9%, with IN, IL, and OH slightly behind average. April soybean imports ran 8.015 MMT for China, which would be 13.4% larger than April 2016.
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