Soybean Watch: CBOT Beans Called Flat To Mixed.

Resource News International, April, 2004

Winnipeg, MB, Apr 13, 2004 (Resource News International via COMTEX)

Chicago Board of Trade soybean futures are seen opening mixed, 1 US cent per bushel on either side of unchanged, as the market consolidates after recent weakness. The steady progress of the South American harvest may put some pressure on the futures, said sources. However, a lack of farmer selling following Monday's sharp drop prices should be supportive. Soymeal is called steady to US$0.50 per short ton lower. Soyoil is called mixed, 0.05 US cents per pound on either side of unchanged.

The Korea Feed Association is seeking to buy 55,000 metric tons of optional-origin soymeal in a tender to be held Wednesday.

Farmers in Argentina had harvested 30.9% of the country's 2003/04...

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