OIL/MEAL SPREADING DRIVES SOYBEAN OIL FUTURES TO HIGHEST LEVEL SINCE JUNE

Soybean futures were modestly higher on Wednesday with most contracts up about 1/4 percent. Prices were supported by technically-driven buying at the 10-day moving average, which helped propel the continuous nearby contract to its highest settlement since January 28. Buying was also driven by position squaring ahead of the release of the…