Excerpt from: Futures and Commodity News
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| November 26, 2007 | | Soybean futures rise in Chicago | Soybean futures are up in Chicago as increased demand appears likely. Additionally, crude oil prices are helping fuel demand for soybeans in commodities trading, with soybean oil increasing in popularity. Bloomberg reports on soybean futures on the commodities market:
``Buying interest from China appears very strong,'' said
Daisuke Yamaguchi, an analyst at futures broker Yutaka Shoji Co.
in Tokyo. ``We may see a correction, but in the long term, the
market is bullish and we will see the price test the $12 level.'' | | |
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