Market Activity

The week started off very quiet with no trading reported. Sellers continue to lament weak market conditions despite favorable ratios to soybean meal. Bean meal prices were flat with Friday’s close at $288. It’s likely that we’ll see some action this week to wrap up much of the rest of the month with the Thanksgiving holiday just ten days away. 

Since hitting a high of $360 on July 17^th, the nearby SBM market has been bouncing down, touching a…