Soybeans Power Higher Off Early Wednesday Weakness

Soybeans are slightly weaker in the nearbys after early losses, with the national average cash price down 1 3/4 cents to $12.60 3/4 at midday. Soymeal futures are lower by $1.30 to $2.00 on the day, while soy oil is also back down 92 to 103 (units unspecified). Overall, the move suggests mild downside pressure in soft commodity prices rather than a major market shock.