Market Activity

Trading was quiet to start the week. The nearby soybean and soybean meal market crashed on fears over Chinese deman or more accuratelhy, a lack of buying from the US market. The July bean meal contract settled at $382.50, down $11.20 from Friday’s close. The bearish sentiment in the bean meal market isn’t likely to help animal protein sellers this week, even with still favorable relative prices to SBM.

MBM sellers are going to see plenty of material in the…