US MIDDAY: soyabeans lower

12 Jul, 2008

July soyabean futures were down 6-1/4 cents at $16.03-1/4 per bushel, new-crop November was down 13 at $15.74. Turned lower as crude oil backed down from record high. Favourable US crop weather adds pressure.
USDA's July supply/demand report viewed bullish, with tight ending stocks. July soyameal was down $3.70 at $442.10 per ton. July soyaoil was up 0.05 cent at 64.50 cents per lb.

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