Soy Crush Unaffected by Liquidation in Soybeans

The soy crush continues to remain elevated, rising again despite a dip in demand, as soybean prices tumbled due to liquidation by managed money.  Soybean meal sales for old crop declined by 9.5 TMT from last week and are 38% less than the prior 4-week average. Meal prices have tumbled and are oversold, dropping more than $50 per ton since hitting a high above $400 per ton in May.

The soy crush remains…