Wednesday, December 3, 2008

Breaking News-RTRS-Oil World sees lower U.S. December soybean stocks

HAMBURG, Dec 2 (Reuters) - U.S. soybean stocks on Dec 1, 2008, fell to 61.4 million tonnes, the lowest in five years and down 2.1 million tonnes at the same time in 2007, Hamburg-based oilseeds analysts Oil World estimated on Tuesday.
But the global market will be helped by rising Argentine stocks, which are forecast at a record 14.2 million tonnes on Dec 1, up 2.6 million tonnes on the year, it said.