AgResource Soybean Comment and Analysis
Soybeans Supported by Adverse South American Weather; China demand for US Gulf Soybeans for February: Soybean futures gained 11-13 cents on Thursday, leaving January soybeans above the 200-day moving average to mark the highest close in 3 weeks. Support in the soybean market came as soymeal closed mixed while soybean oil found support below $.50/Lb.…