Last Updated : February 03, 2012 11:10

CBOT Updates: Soybean meal, soy oil finishes up

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CHICAGO (Commodity Online): Soy product futures edge higher, mimicking the up and down price movements of soybeans.

The markets lacked fresh fundamental directives to push prices, leaving traders focused on outside markets for guidance, analysts say.

Two-sided price action in the US dollar index produced mixed action in soymeal and soyoil.

CBOT March soymeal ended up $1.10 to $323.40/short ton; March soyoil finished up 0.01c to 51.19c/pound.

Courtesy: CME Group

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