AgResource Soybean Comment and Analysis
Soybeans Continue Lower Under Harvest Pressure: CBOT soybean futures continued lower at midweek, while soy product markets were sharply mixed. Soybean meal rallied to new highs, while soybean oil fell sharply on fund liquidation. However, the higher meal/lower soybean prices pushed CBOT crush spreads 2-4 cents higher for the day. The spot spread traded above…