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News From 02-Jul-2009

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Soybean Futures Gain in Chicago on Concerns of Supply Shortage (Bloomberg)     (Cached page)
July 2 (Bloomberg) -- Soybean futures rose for a second day in Chicago on concern smaller-than-expected plantings in the U.S., the world’s biggest exporter, raises the risk of a global supply shortage.

Soybean Research: Wasps Tagged as Soybean Aphid Solution (AgWeb.com)     (Cached page)
Soybean research funding in South Dakota is helping to find natural solutions for soybean aphids.

Four companies in $5 million soybean deal with South Korea (The Bismarck Tribune)     (Cached page)
North Dakota's lieutenant governor says four Midwestern companies have a $5 million deal to export about 275,000 bushels of soybeans to South Korea for tofu products.

Fire at soybean plant draws a dozen companies (The Evening Sun)     (Cached page)
Machine used to dry beans clogged, causing them to burn. A fire broke out in this dryer, center, early Tuesday morning at Ag Com Inc. on Oxford Road just north of New Chester.

U.S. Soybean-Oil Inventories Climb 7.2% in May, Census Says (Bloomberg)     (Cached page)
July 2 (Bloomberg) -- U.S. soybean-oil inventories rose 7.2 percent in May as processors including Bunge Ltd. reduced production of biodiesel and demand for cooking oil fell, government data show.

US Cash Grain Review: Grains Suffer, Soybean Prices Stronger (INO News)     (Cached page)
SUPERIOR, Neb. (Dow Jones)--Further divergence occurred between grain/oilseed prices on the U.S. cash market this week, with additional appreciation in the value of soybeans, juxtaposed against multi-month lows for corn/wheat.




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