China's soybean sees softer price due to weaker demand from pork producers. Also, rain over the past few days in drier areas of northeast China helped mitigate some output concerns. On the other hand, India monsoons have also help boost oilseed production prospects.
Meanwhile, Argentina officials plan to raise the minimum blending requirement for bio-fuels in gasoline and diesel to 7% and are considering moving to a 10% mix soon. The current mix is at 5%.
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