date:May 10, 2013
os traded yesterday.
Traders also indicated that famers might be pricing some old crop soybeans as basis levels remain at attractive levels. Calendar spreads remained well supported despite the break in futures as crush margins remain attractive at 45-55 cents per bushel in some areas.
Meal basis levels have held steady this week which is helping to keep margins profitable. November soybeans sank lower into the closing bell with some traders indicating that they see significant downside for th