CHICAGO (Commodity Online): Soy product futures finished higher, rising in step with advances in soybeans.
The combination of a weaker US dollar, fresh Chinese demand for soybeans and lingering uncertainty about South American crop damage, buoyed soymeal and soyoil futures, analysts say.
CBOT March soymeal ended up $3.00 at $322.30/short ton, and March soyoil finished up 0.31c to 51.18 cents/pound.
Courtesy: CME Group