Food Industry
Industry: Email Alert RSS FeedSofts/Soybeans Outlook.
Resource News International, September, 2006
Byline: Alan MacKenzie, Resource News International
Winnipeg, Sep 20, 2006 (Resource News International via COMTEX) --
SOYBEANS
Soybean futures at the Chicago Board of Trade (CBOT) closed the week ended September 20 higher, recovering from mid-week lows after technical selling pressure weighed on the market.
November contract soybeans closed the week at US$5.49 1/4 per bushel, compared to US$5.40 1/2 the previous week.
Vic Lespinasse, a broker with AG Edwards and Sons in Chicago, said weather concerns could give some support over the next week.
"The main thing is that there is some concern about more wet weather coming into the Midwest," he said. "That's going to delay harvesting a bit, or so it's thought, and that's...
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