An early announcement of more bean and meal biz helped to stabilize futures after a round of profit-taking at opening bell. Exporters reported sale of 110k mt of beans to China + 172k mt of meal to the Philippines for 14/15 marketing year. Against strong bean and meal values were weaker soyoil futures,
Trade continues to monitor the number of bean imports destined for US shores from Brazil and from Canada. November beans are trading down towards the 12.25 level after reaching a high in
May at 12.80. Several previous tops in place are technically located at 12.10 on a further price decline