TRADE TENSIONS AND WEAKNESS IN SOYBEAN MEAL FUTURES DRIVE SOYBEAN FUTURES SLIGHTLY LOWER

Soybean futures were down slightly on Friday pressured, in part, by weakness in soybean meal futures, which fell almost two percent basis the December contract. The weakness in soybean futures pressured soybean oil futures, which lost between one and five basis points. However, losses in soybean oil futures were limited by technically…