- USDA said the US soybean crop condition was rated 62% good to excellent as of July 12, down 1 point from week ago (63%) and vs. 72% a year ago

- US soybean export inspections for week, ending July 9, reported 134,666 MT, within trade estimates (125-250 TMT)

- China customs data showed China imported 690,000 MT of veg oils in June up 47% from May and up 30% from a year ago, although year to date vegoil imports total only 2.74 MMT, down 24% from a year ago

- Egypt said it will no longer issue tenders to buy vegetable oil, but instead will purchase oils by "direct order" to reduce costs