US MIDDAY: soyabeans mixed

23 Jul, 2008

Soyabean futures were down 2 to up 8 cents per bushel, with August was up 1-1/4 at $14.10-1/4 per bushel. Shrinking stocks of soya and oversold technical signals after Monday's decline supportive to market. However, gains limited by falling crude oil, firm dollar, good crop weather in the US Midwest and improving crop conditions.
Soyameal was down 50 cents to up $6.00 per ton, with August up 20 cents at $377.20 per ton. Soyaoil was down 0.20 to 0.32 cent per lb, with August down 0.26 at 59.65 cents per lb.

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