Soybean Meal Prices Hit A 5 Week High

24 Nov in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soy meal Futures---Soybean meal futures in the January contract settled last Friday in Chicago at 320 while currently trading at 326 a ton up about 600 points for the trading week right near a 5 week high as I'm not involved in this market, but I will be looking at a bullish position once the chart structure improves as the 10 day low stands at 311 as the risk is around $1,500 at the present time which is too much in my opinion for this commodi

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