1. Analysts expect the soy market to continue growing, in part because the government is allowing soy products to claim that soy protein lowers blood cholesterol levels. 2. Soybean futures fell sharply Tuesday on the Chicago Board of Trade in a late-session selloff inspired by technical weakness in the soy product markets. 3. Soybean futures soared at the Chicago Board of Trade Friday fueled by a bullish soy meal market and strong speculative buying. 4. Activity on the soy market was very calm. 5. Competition from South American harvests and the slowdown of demand for the products also put strong pressure on the soy market, said Freed. 6. Dealers on the soy market were moreover waiting for more rainfall in Brazil. 7. The soy market was relatively quiet amid rumours of offers to buy. 8. On the soy market, contracts for January concluded feebly, which depressed the rest of the market, said Joel Karlin, an analyst for Evren Securities. 9. Rain forecasted for next week in the Midwest encouraged buys in the corn and soy markets, as the wet weather could delay planting. 10. Soy grains benefitted from the strength of soy meal market, thanks to strong European demand. |