US MIDDAY: soyabeans higher

23 Dec, 2008

January soybeans futures were up 15-1/2 cents at $8.83-3/4 a bushel. Rallied as traders unwound corn/soy spreads put on earlier. Strong US cash markets as farmer sales not keeping up with export program out of the US Gulf added support along with dryness in parts of South America. January soymeal was up $5.40 per ton at $272.90. January soyoil was up 0.30 cent at 30.90 cents per lb.

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