OIL/MEAL SPREADING SUPPORTS SOYBEAN OIL FUTURES BUT PALM AND CANOLA PRICES CONTINUED TO MOVE LOWER

Soybean futures fell about 3/4 percent on Thursday, despite better-than-expected export sales data. Prices were pressured early in the session by technically-driven selling at the 10-day moving average. The selling intensified when the continuous nearby contract dropped below the psychologically-important $9-per-bushel…