CHICAGO (Commodity Online): Soy product futures end mixed, with soyoil continuing to gain value in the crush vs soymeal.
Traders are unwinding long meal/short soyoil spreads, consolidating positions on fears of slower meal demand amid poor margins for livestock and South American rains expected stabilize crop yields there, analysts say.
CBOT March Soymeal ended down $2.10 at $325.40/short ton; March soyoil ended up 0.01c to 52.17c/pound.
Courtesy: CME Group