Wednesday, November 5, 2008

Breaking News-RTRS-World more dependent on Latam soybeans -Oil World

HAMBURG, Nov 4 (Reuters) - The global soybean market will become increasingly dependent on South American supplies in coming months, following a lower-than-expected U.S. soybean crop, Hamburg-based oilseeds analysts Oil World said on Tuesday.
The U.S. Department of Agriculture on Oct 28 reduced its forecast of the U.S. soybean crop by 1.5 percent in an unprecedented correction.