US soyabean futures closed mixed on Wednesday, with active July weak on corn/soy spreading, a firm dollar and lower crude oil. Also there was lingering pressure from USDA's forecast on Tuesday for a larger ending stockpile of US soya than an analysts' average estimate. CBOT July down 1/2 cent at $9.65-1/2 per bushel. New-crop November unchanged at $9.37-1/2.
Funds sold 3,000 contracts. Showers in the US Midwest slowing soy seedings, while overall satisfactory weather continues for the final harvest of South American soya. Deliveries on May 5 lots. US FOB Gulf export premiums firm on slow farmer selling. US cash soy basis firm around interior Midwest early on Wednesday. CBOT July soyameal down $1.90 at $279.70 per ton.
Pressure from lower soy and firm dollar and unwinding of meal/oil spreads. Funds sold 1,000 contracts. No deliveries on May. CBOT July soyaoil up 0.11 cent per lb at 38.43 cents per lb. Unwinding of meal/oil spreads lift soyaoil and weigh on soyameal.
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