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We are keeping our eye on Soy today as it trades up on a down day for rice, wheat and other softs in advance of tomorrow's quarterly report from the Department of Agriculture (particular our intern Karrin who runs her ancient Mercedes turbo diesel on soybean oil).

No real data in advance of the numbers although China's General Administration of Customs issued a trade surplus report today for the first half that showed the average import price for soy beans at an increase of 78.3% over the same period last year.

Andrew Barber
Director