Soybeans, Soybean Oil Lower
Soybeans are trading soft and weak. March Soybeans are down 12 3/4 cents at 1031 1/4. Harvest reports in Brazil are showing good yields.
Brazil's harvest peaks in late February. Brazil's weather is still good for growing.
Flooding in Malaysia has helped support Soybean Oil recently. However, the general tone of Soybeans Wednesday morning has pushed Soybean Oil lower. March Soybean Oil is trading at 32.64 down 0.43.
March Soymeal is trading down 5.2 at 348.5. General global commodity weakness and a strong dollar have kept pressure on the grains.
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