Soybean Rally into Wednesday’s Close

Soybeans got some strength on Wednesday from spillover in soybean meal, as contracts were 7 to 8 ½ cents higher. The cmdtyView national average Cash Bean price was 9 1/4 cents higher at $10.08 3/4. Soymeal futures are $3.40 to $3.70 higher, with Soy Oil futures 10 to 13 points lower. Meal garnered strength with Argentina’s weather forecasts on the drier side heading into some key parts of the growing season. More News from Barchart USDA will release Export Sales data for the week ending on 1/23 on Thur ...