Wednesday, December 2, 2009

Breaking News-RTRS-Soybean price could fall on fund sales- Oil World

HAMBURG, Dec 1 (Reuters) - Soybean prices could fall in the coming weeks despite high U.S. exports if investment funds take profits after recent price rises, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Futures prices of soybeans are vulnerable to a setback in the near term," it said. "After the pronounced strength during the past three to four weeks, soybean prices may decline if funds liquidate some of their long positions and lock in profits."