MUMBAI (Commodity Online): Soy product futures edged higher Friday, rebounding from earlier lows on late short covering. The combination of a firmer U.S. dollar and sharp declines in Crude Oil weighed on prices for most of the day.

However, an absence of follow-through selling to extend earlier losses and a late bounce in soybeans provided a boost to lift prices into positive territory, traders said.

May Soymeal ended 30 cents, or 0.11%, higher at $270.20 per short ton, while May soyoil settled 5 points, or 0.13%, higher at 39.30.

Courtesy: CBE Group

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