Soybeans trading higher to close the year on reports of diminishing crop conditions in southern Brazil and Argentina. January beans closed one cent higher at $13.28 and three quarters, March closed three quarters higher at $13.39 and a quarter, January bean meal closed $1.90 lower at $411.70, January bean oil closed 45 cents higher at $56.30. The market will be closely watching South American weather moving forward. Soybean meal has been trading lower on concerns of light feedstock demand.
