CHICAGO (Commodity Online): Soy product futures finish higher, with spillover strength from soybean futures lifting prices.
Influence of soybeans buoyed the products, as traders are concerned any potential problems for soy crops limits the availability of supplies for crushing into soyoil and Soymeal next year, analyst say.
CBOT Dec soymeal end up 1.4% at $365.20/short ton; Dec soyoil end up 1.7% at 57.88c/lb.
Courtesy: CME Group