Thursday, 30 June 2011
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CBOT Updates: Soybean Meal/Oil ends on mixed trend
CHICAGO (Commodity Online): Soy product futures end mixed, with soyoil futures rising on support from higher crude oil, with traders taking on long soyoil positions vs short soymeal on spreads. Soymeal futures drifted lower, succumbing to pressure from declining cash basis levels amid declining livestock feed demand and increased competition for distillers dried gains in feed rations, analysts
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