TRADE NEWS AND OIL/MEAL SPREADING DRIVE MIXED RESULTS IN SOYBEAN COMPLEX

Soybean complex futures were mixed on Friday with most soybean contracts down about 3/4 percent, most soybean meal contracts off between 3/4 percent and one percent and soybean oil futures up a little less than 1/2 percent. Prices were pressured by oil/meal spreading and USDA’s announcement that sales of soybeans to China had been cancelled….