Monday, June 25, 2007

Soybeans Rise for First Session in Three as Drought Threatens China Crops

(Bloomberg) -- Soybeans in Chicago rose for the
first time in three sessions on speculation unusually dry
weather threatens crops in China, the world's biggest buyer of
the oilseed.

Parts of the North China Plain and all of the Manchurian
Plain were dry during the weekend, with temperatures rising as
high as 100 degrees Fahrenheit (38 degrees Celsius), said John
Dee, president of Global Weather Monitoring in Mohawk, Michigan.
Unusually hot, dry weather will persist in the region through
next week, Dee said.


Read more at Bloomberg Commodities News

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