OIL/MEAL SPREADING SUPPORTS SOYBEAN OIL FUTURES – PALM OIL FUTURES ERASE HALF OF MONDAY’S GAINS

On Tuesday, soybean futures were down a little more than 1/2 percent, soybean meal contracts were down between 3/4 percent and one percent, and soybean oil futures were up a little more than 1/4 percent. A sharp decline in soybean meal prices on the Dalian exchange drove the weakness in soybean meal futures, which, in…