Wednesday, June 24, 2009

Breaking News-RTRS-Biodiesel slump aids U.S. soyoil exports-Oil World

HAMBURG, June 23 (Reuters) - Falling U.S. biodiesel production is likely to sharply push up U.S. soyoil exports in coming months as producers seek new markets, Hamburg-based oilseeds analysts Oil World said on Tuesday.
"The decline in usage for biodiesel production will probably pressure domestic soyoil prices, thus allowing larger than expected U.S. soyoil exports," Oil World said.