date:Jul 25, 2012
Prices turned lower this week on profit-taking and some rain in the forecast, but soymeal futures experienced an unprecedented bull run as the nations midsection fell further and further into drought. Ideas persist that prices have not peaked.
Despite declining the $20-a-ton limit on Monday on broad profit-taking in the soy complex, soymeal futures continue to have upside potential, Matt Beeson, president of Beeson and Associates, Louisville, Ky., told Milling and Baking News. He said export dem