1. -- U.S. soybean meal futures. 2. A fall in soybean meal futures contributed to lower soybean prices. 3. Chicago soybean futures closed lower, pressured in late trading by weakness in soybean oil and soybean meal futures. 4. Soybean futures were pulled mostly lower by weakness in soybean meal futures and speculation demand for soybeans and products is slowing. 5. Soybean meal futures fell to eight-year lows. 6. Soybean futures rose on spillover buying in soybean meal futures. 7. The last time a big El Nino struck, the warm water drove anchovies off the coast of South America and sent soybean meal futures rallying. 8. Soybean meal futures rose strongly after a monthly Census Bureau report showed lower U.S. soybean meal stocks than traders expected. 9. The rumors sharply boosted soybean meal futures, which had been on the retreat for eight consecutive sessions amid a lack of export business. 10. The dropping temperatures especially helped wheat and soy meal futures, since those grains are used in animal feed which is in high demand during cold periods. |