Wednesday, June 17, 2009

Breaking News-RTRS-U.S. soyoil exports to rise further -Oil World

HAMBURG, June 16 (Reuters) - U.S. soyoil exports are likely to rise further in coming months because of scarce South American export supplies caused by poor soybean crops and rising biofuel production, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"South American soyoil stocks are below the year-ago level at the moment and competition between the export market and biodiesel producers will keep inventories relatively low in coming months," it said.