AgResource Soybean Comment and Analysis
Soybeans/Meal Firm While Soyoil Settles at New High: CBT soy markets settled higher with May soyoil gaining .65 cents/Lb to close at $.5702 – a new high. The higher soy product close lifted the nearby board crush margin by 6 cents to $.81/Bu. Estimated cash crush margins are holding at $1.20-1.25/Bu as cash soyoil surges…