July soyabean futures were up 32-1/2 cents at $15.70 per bushel, new-crop November was up 36 at $15.61. Excessive rainfall and flooding in the US Midwest boosting prices.
Forecasts for more rain in already saturated crop areas leading to concerns about further harm to the 2008 US soyabean crop. Gains limited by pickup in Argentine soya trade after end of farmer strike. July soyaoil was up 1.24 cents at 65.45 cents per lb.