Markets are opening the week steady with BOGO and POGO spreads both little changed on Friday’s values. Crude remains in a bear market as CFTC data shows that longs in WTI have dropped to their lowest levels in 2 years following ample supply. Soybeans fell 4.1% over last week, adding pressure to soybean oil prices which are already touching on 4 month lows. There is no change in the forecasts, easing weather fears for corn which is heading into its pollination stage, pressuring prices down 6.6% over the week. Biodiesel spreads are flat following a thin market on Friday. Spain is reportedly looking at raising its biofuel mandate back to 5% from the current 4.1% in order to boost its lagging biofuels industry and bring the country into line with its European peers.