date:May 26, 2016
on Tuesday the sale of 140,000 metric tons of U.S. soybeans to unknown destinations for 2016/17 delivery, matching another sale on Monday. The deal gave the market an early nudge higher, said Terry Reilly, senior commodity analyst at Futures International.
Soymeal prices climbed more than 1 percent, as traders returned to worries about the size and quality of Argentinas soybean harvest following April floods, he said. Argentina is the worlds top exporter of soymeal, a livestock feed ingredient