Food Industry
Industry: Email Alert RSS FeedSoybean Watch: Favorable Weather To Pressure CBOT Beans Lower.
Resource News International, August, 2004
Winnipeg, MB, Aug 16, 2004 (Resource News International via COMTEX)
Chicago Board of Trade soybean futures are called 5 to 7 US cents lower Monday pressured by favorable weather conditions in the US soybean growing regions.
Beneficial rains, along with warmer temperatures, are expected across the soybean belt in the next week.
In other news, the US soybean crush for July came in at 108.660 million bushels, the National Oilseed Processors Association (NOPA) announced Monday. The crush was up by 6.239 million bushels from June. The data should help underpin soybean values as it came in above early expectations for a July crush of 99.7 million bushels.
Soymeal futures are called US$1.00 to US$2.00 per short ton lower, reacting to the...
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