Soymeal

SMZ5 Comdty (SOYBEAN MEAL FUTR D 2015-10-28 11-19-46

Soymeal starting to price  out any worries concerning  harvest.Cash prices today  are steady to lower.Waiting for a break below 299.80

SMZ5SMH6 Comdty ('SM' SPREAD     2015-10-28 11-19-59

Soymeal  Dec/march spread  backwardation coming out  as it trades below 200d SMA as Supplies should be plentiful.markets are cautious though as farmer sales are slow to materialize,but they will come.

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