CBOT soybean meal ends modestly higher

On June 27, according to media reports, the Chicago Board of Trade (CBOT) soybean meal futures market closed up moderately on Monday, with the benchmark period closing up about 0.15%, following the gains in the adjacent soybean and soybean oil markets.

As of the close, soybean meal futures rose by US$0.10 to US$3.90, of which the July futures closed at US$3.90 higher at US$414.60/short ton; the August futures closed at US$2.10 higher at US$409.50/short ton; 12 Monthly futures closed up US$0.60 at US$398.90/short ton.

The most actively traded December contract traded between $394.30 and $404.40.