AgResource Soybean Comment and Analysis
Soybeans/Meal Rally on Export Outlook: Soymeal came back to life at midweek and Dec futures rallied more than $7/ton to close at a new contract high. November soybeans stopped short of contract highs but did mark a high close of $10.72. Funds were estimated to have bought close to 7,500 contracts. Brazilian soybean basis soared…