AgResource Soybean Comment and Analysis
Soybeans Extend Gains as Meal Rallies: November soybean futures were able to build on Wednesday’s recovery and close back above the 50-day moving average. September contracts expired today with September beans ending at $13.4375 vs. $15.0375 last year, September meal at $401.90/ton vs. $461.30 a year ago, and September soyoil finished at 64.43 cents/Lb vs.…