Wednesday, June 24, 2009

Breaking News-RTRS-Global June/Aug soybean exports to fall -Oil World

HAMBURG, June 23 (Reuters) - Global soybean exports will fall in June to August this year as high prices are likely to cut demand, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"It is still uncertain whether the recent rally in soybean futures to a new eight-month high in the second week of June will be sufficient to generate the required rationing of imports or whether soybean prices will have resumed their rally in the near term," Oil World said.