Summary Box: Soybean prices rise after China turns to US to purchase soybean oil
By APWednesday, June 9, 2010
Summary Box: Soybeans gain from China interest
SOYBEANS GAIN: Soybeans rose Wednesday after China stepped up its purchases of soybean oil from the U.S. recently. The increased demand comes as available supply of the beans continues to dwindle.
USDA BET: Investors were also betting that the Agriculture Department’s monthly report tomorrow will show supply for soybeans has eroded even further.
GOLD RETREAT: Gold prices fell a day after hitting a record high. The metal dropped as investors moved back into the stock market and the euro climbed back above $1.20.
YOUR VIEW POINT
