Dead cat bounce? After initially breaking through the trendline, Orange Juice made an attempt to climb back above it Monday and Tuesday…
Tropicals/Softs
Market Spotlight: Soybean Meal
Soybean Meal is produced through processing and separating Soybeans into oil and meal components. By weight, Soybean Meal accounts for about 35% of the weight of raw Soybeans (at 13% moisture). If the Soybeans are of particularly good quality, then the processor can get more meal weight by including more hulls in the meal while still meeting the 48% protein minimum.