Soybeans are feeling weight from a weaker bean oil market on Friday morning, with contracts down 5 to 6 cents. Futures managed to see a late session surge by the bulls in the nearbys, up 3 to 4 cents.
The soybean market is posting 15 to 17 cent gains across the front months at midday. CmdtyView’s national front month Cash Bean price was down 17 1/2 cents at $9.74 3/4. Soymeal futures are down $1.00 ...
If one looks closely, a fascinating pattern emerges. First, back in late 2006 and early 2007, soybean oil began to rally even as crude oil prices fell. Crude oil later began following soybean oil ...
March soybean oil (ZLH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March soybean oil futures that prices are trending higher and this week hit a ...
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