OIL/MEAL SPREADING DRIVES NEARBY SOYBEAN OIL CONTRACT BACK ABOVE 30 CENTS PER POUND

For the second consecutive day, the United States Department of Agriculture (USDA) announced a daily sale of soybeans to China and the market moved only modestly higher. However, unlike the last two days, futures ended the day with a rally and settled near the high of the day. On Tuesday, USDA announced, via its daily reporting…