Monday, September 8, 2008

Breaking News-RTRS-China soyoil market weak as holidays near -survey

BEIJING, Sept 5 (Reuters) - China's soybean and soyoil market was expected to stay weak in coming days as holidays next week failed to support prices, a survey by an official think-tank showed on Friday.

Crushers were not interested in booking more soy cargoes, anticipating lower prices from bumper soy harvests both at home and in United States, the largest exporter, said the China National Grain and Oils Information Centre (CNGOIC).