AgResource Soybean Comment and Analysis
Soybeans Slip in Oil/Meal Spread Unwinding: CBOT soybeans finished slightly lower on Monday, while soy product markets were mixed. Soyoil remained under liquidation pressure following last week’s sharp break on RVO mandate updates. Soymeal contracts rallied on the liquidation of long oil/short meal spreads with January stopping just short of the contract high. Back months…