11. Higher cash prices for corn also boosted futures prices. 12. In Kansas City wheat, the nearby futures contracts got some pressure from signs of a downturn in cash prices. 13. Meanwhile, cold weather in the Midwest and Plains is causing rail and barge transportation problems, which prompted increases in the cash price for soybeans. 14. Promising exports and firm cash prices buoyed soybean meal, said to be in demand by Russia and China. 15. Prices for futures tracked cash prices up and down throughout the day, trade sources said. 16. Soybean futures fell in nearby months on weaker cash prices. 17. Soybean futures closed slightly lower, with some pressure coming from signs of weaker cash prices. 18. Some of the banks that have balked could return to the table under more favorable terms, such as a lower cash price, they say. 19. Strong cash prices in the West probably pushed up the futures market, local traders said. 20. Suppliers said cash prices at the U.S. border have been under pressure this week because of an abundant supply of summer-grade gasoline. |