** Amanda is out of the office until Friday, March 1. In her absence, please contact Bob Lane – [email protected]**
The soybean complex closed with mixed results today as the March soybean contract closed 4.75 cents lower at $11.31¼ per bushel. Soybean meal prices declined $6.60 per short ton to $327.8. Soybean oil prices bucked the trend, climbing 51 ticks to 44.91 cents per pound for the March contract.
Historically tight US soybean oil inventories combined with low prices are helping support and lift values. Despite the rise in soybean oil prices, it was not enough to improve CME crush margins, which edged four cents lower on softer soybean and soybean meal prices.
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