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Soymeal futures technical charts show soymeal futures

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Technical charts show soymeal futures consolidating above the 50-day moving average, with RSI near 58 pointing to moderate bullish momentum. A breakout above $445 could trigger fresh buying from commodity funds seeking feed market exposure. Futures shrugged off early session pressure as buying followed a President Trump post that soybeans will be a major topic of discussion in a meeting between he and President Xi of China later this month. For more on the fundamental value of oilshare, see What Is Oilshare? To learn more about Soybean Oilshare futures and options, visit https://www.cmegroup.com/markets/agriculture/oilseeds/soybean-oilshare.html Soymeal futures saw speculative buying in afternoon trade, lifting the January contract above $