date:Dec 04, 2012
d lower on the day but managed to close off the low end of the daily range. Meal saw modest gains while oil was lower on the day.
Weakness in the corn and wheat market added to the negative sentiment. Outside market volatility and a somewhat favorable weather forecast in South America has limited the bull camps ability to push futures higher in the short term.
However, strong soybean demand and the fact that the US has already sold the entire soybean oil USDA export estimate for the marketin