Tuesday, March 2, 2010

DJ: MALAYSIA MAY BUY 80,000-100,000 TONS SOYBEANS; MAY-JUNE SHIPPMENT

SINGAPORE (Dow Jones)--Malaysian crushers want to buy between 80,000 and
100,000 tons of soybeans for shipment in May and June, likely from South
America, trading executives said Tuesday.

"Only part of the requirements for May are covered, and buying is yet to take
place for June," a trader in Malaysia said.

Traders said Malaysia is seeking delivered cargoes at a $1.50 premium to
Chicago Board of Trade soybean prices.

CBOT May soybean futures rose 1 1/2 cents, or 0.2%, Monday to $9.62 1/2 a
bushel.

- DJ NEWSWIRE

No comments:

Post a Comment