Soybeans were mixed. Crop weather looks good in most of Brazil, which is on track for record production, while Argentina is locked in a drier trend. U.S. crush margins have gotten tighter but remain bullish. The NOPA’s November member crush numbers are out Thursday, with analysts expecting the crush to be 181.473 million bushels, which would be record large for the month. Soybean meal was supported by commercial buying and product spread trade. Bean oil was pressured by that product spread trade, profit taking after two days of gains, and the slow export pace.
