Soybean meal remains one of the stronger areas of the commodity markets, supported by tight supplies and strong cash soybean values. Martinson Ag Risk Management President Randy Martinson says crushers are having difficulty securing enough soybeans to meet meal commitments. Martinson says that has also strengthened the soybean basis. While soybean futures have come under pressure, he says the cash market remains relatively strong. Wheat remains on the other end of the spectrum. Martinson says the market has struggled to gain traction, with Chicago wheat roughly a dollar below its recent highs. Click here to listen to the full report.
