date:Oct 30, 2012
given the weakness in both the soyoil and soybean meal markets this morning. Nonetheless, the tight supply situation of the market and firm demand for U.S. soybeans should shore up the market. November soybeans are trading 13 cents lower.
Wheat futures are trading higher this morning. Wheat futures are posting firm gains this morning despite strength in the U.S. dollar index. Dry weather conditions across the U.S. Plains and global supply worries should strengthen the market; however, strong l