AgResource Soybean Comment and Analysis
Soybeans Correct Gains While Soybean Oil Rallies: Soybeans corrected some early-week gains on a wetter forecast and closed 17-20 cents lower. The nearby CBT soybean crush spread continues to move in lockstep with soybean prices. However, soybean meal has remained uncorrelated to soybean prices. The market has used soybean oil as the mechanism to raise…