US MIDDAY: soyabeans rally

19 Mar, 2008

Soyabean futures on the Chicago Board of Trade turned higher at midsession on Tuesday on oversold ideas after prices plunged the daily limit in the last three sessions, including earlier Tuesday, traders said.
Strength in crude oil futures and in the US stock market added support. Soyameal futures led the way up, with May up $10.40 at $334.20 per ton as of 11:26 am CDT (1626 GMT). May soyabeans were up 14 cents at $13.16-3/4 per bushel.

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