US MIDDAY: soyabeans soar

17 May, 2008

July soyabeans futures were up 45 cents at $13.92-1/2 per bushel, new-crop November up 36-3/4 at $13.56. Higher on news Argentine farmers will extend strike until May 21, stalling movement from a top soya exporter and likely bolstering demand for US soya.July soyameal was up $9.10 at $354.10 per ton.July soyaoil up 2.20 cents at 62.23 cents per lb.

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