Strong Crushing and Yields Caps Bean Meal

Strong bean yields and faster than expected crushing of meal have been keeping a lid on meal prices, as supply generates headwinds. Cumulative soybean export inspections of Oct. 15 were tallied on Monday at 252.1 million bushels for the current marketing year as, up from last year’s shipment pace of 219.5 million bushels, according to USDA. Meanwhile, the National Oilseed Processors Association, or NOPA, also reported last…