US MIDDAY: soya declines

13 Feb, 2010

Soyabean futures on the Chicago Board of Trade fell early on Friday, pressured by a firmer dollar, disappointing US export sales and news that China raised bank reserve levels for the second time this year, traders said. The move by China, the world's largest buyer of soy, showed that the country was intent to curb lending and inflation. As of 9:37 am CST (1537 GMT), CBOT March soyabeans were down 16 cents at $9.27 a bushel.

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