1. Also, El Nino could devastate the South American fishmeal industry, increasing demand for U.S. soybean meal, a soy-derivative and competing feed additive. 2. And domestic processors are crushing soybeans for soybean meal and oil at a record pace. 3. And Chicago soybean futures prices showed strong gains on indications of new Chinese demand for soybean meal. 4. As a result, traders expect prices of soybeans, soybean meal and soybean oil could rise in trading today. 5. A stronger demand for soybean meal benefited soybeans. 6. Cargill said at the time that it needed soybean meal and oil to supply the livestock and poultry industry. 7. Cargill and Archer Daniels Midland expect to sell more processed goods, like soybean meal and vegetable oil. 8. Corn, which is used as a livestock feed along with soybean meal, rose to a one-week high following soybean futures. 9. Domestic processors are crushing soybeans for soybean meal and oil at a record pace. 10. Domestic processors have been crushing soybeans at record rates into soybean meal, used in livestock feed, and soybean oil, a food ingredient. |