Wednesday, September 30, 2009

Breaking News-RTRS-Oil World sees booming U.S. soy exports from Oct

AMSTERDAM, Sept 29 (Reuters) - U.S. exports of soybeans, soy oil and meal are expected to rise sharply from October but will not be able to offset a sharp decline in South American supply, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Delayed harvesting in several parts of the United States has contributed to scarce soybean supplies at U.S. export locations, but Oil World expects the situation to reverse in coming months as harvesting picks up.