Friday, August 7, 2009

Breaking News-RTRS-China soybean mkt bullish on high soy prices-survey

BEIJING, Aug 6 (Reuters) - China's soybean market has turned
bullish due to rising prices of imported soybeans, also pushing
up soyoil and soymeal prices, a survey by an official think tank
said on Thursday.
"Soyoil spot prices were lifted by 500 to 600 yuan ($73.21-
$87.85) per tonne in the week," the China National Grain and Oils
Information Centre said (CNGOIC).