OIL/MEAL SPREADING DRIVES SOYBEAN OIL PRICES HIGHER

Soybean futures were mixed on Monday as a drier 6 – 10-day outlook helped lift nearby futures 3/4 cents. Deferred contracts were marginally lower or unchanged as position squaring ahead of USDA’s monthly supply and demand projections and technically driven trading kept closing prices close to unchanged. Soybean meal futures lost about 1/2 percent while soybean oil…