date:Jan 17, 2014
meal have moved rapidly higher over the last few days, partly in anticipation of favorable news from NOPA. The March soybean futures contract gained 28c from $12.94 a bu during the first two days of the week. Soybean oil futures have gyrated in a narrow range this week before firming slightly after the NOPA data were released.
The larger soybean crush in December reflected higher demand for soybean meal and resulted in an increase in soybean oil stocks to 1.681 billion lbs from the previous mo